West Texas OilShort
WTI @ Crispy Potato
12/03/2022
FORECAST FOR WEEK 1 MARCH 2022 = 40/60 bull/bear probability
COMBINED FORECAST FOR MARCH 2022 =
DAYS
WEEK 1 OF MARCH FORECAST WAS = NEUTRAL
PROBABILITY FOR WEEK 3 MARCH = Neutral no call
Week 2 of March was bear. After Friday the prior week, it opened bull but finished with a decent northward facing tail. Tuesday's bull candle is inside Mondays tail. Wednesday a large engulfing candle developed is a bear breakout price action. Volume on this day was the greater (note volume the last two weeks exceeds all previous volumes. Thursday and Friday were settling days, volume beginning to return to normal. The OBV is in a full bull rally. One would assume this could be a bear retracement, because it's at a peak and there is no fakey, it is a solid candle. This coming week will inform us of the direction, it needs increased selling volume to give a bear direction, else this will slowly but steadily rise in price. There is a probability between Mon-Wed we see a pin par that touches the 100.
WEEK
WEEK 1 OF MARCH FORECAST WAS = BEAR = INACCURATE
PROBABILITY FOR WEEK 3 MARCH = Bear
This week was a bear, with exceptional volume. The angle is very steep, it is likely it will need to retrace back to the previous trending bull rally range. Expect this week to settle around the $100 before setting its next rally
MONTH
FORECAST MTH MARCH = BULL
Sizable bull candle body with 1.2 times tail to the north. Clear of the previous resistance level this chart is now bull led by their influence. OBV now trends BULL another confirmation of BULL-dominated influence. The chart looks to have commenced a BULL rally.
FORECAST FOR WEEK 1 MARCH 2022 = 40/60 bull/bear probability
COMBINED FORECAST FOR MARCH 2022 =
DAYS
WEEK 1 OF MARCH FORECAST WAS = NEUTRAL
PROBABILITY FOR WEEK 3 MARCH = Neutral no call
Week 2 of March was bear. After Friday the prior week, it opened bull but finished with a decent northward facing tail. Tuesday's bull candle is inside Mondays tail. Wednesday a large engulfing candle developed is a bear breakout price action. Volume on this day was the greater (note volume the last two weeks exceeds all previous volumes. Thursday and Friday were settling days, volume beginning to return to normal. The OBV is in a full bull rally. One would assume this could be a bear retracement, because it's at a peak and there is no fakey, it is a solid candle. This coming week will inform us of the direction, it needs increased selling volume to give a bear direction, else this will slowly but steadily rise in price. There is a probability between Mon-Wed we see a pin par that touches the 100.
WEEK
WEEK 1 OF MARCH FORECAST WAS = BEAR = INACCURATE
PROBABILITY FOR WEEK 3 MARCH = Bear
This week was a bear, with exceptional volume. The angle is very steep, it is likely it will need to retrace back to the previous trending bull rally range. Expect this week to settle around the $100 before setting its next rally
MONTH
FORECAST MTH MARCH = BULL
Sizable bull candle body with 1.2 times tail to the north. Clear of the previous resistance level this chart is now bull led by their influence. OBV now trends BULL another confirmation of BULL-dominated influence. The chart looks to have commenced a BULL rally.
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