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- Crude Oil Technical Strategy: Major Resistance Has Arrived, Watching for Reversal
- The US Dollar Drop Has Confounded Traders & Banks & It Will Determine Oil Into Q2 2016
- Sentimental Trading System Warns of Potential Top
This week will see how the price of crude oil reacts to the 200-day moving average. The 200-day moving averages long known as the most reliable form of technical analysis to its simplicity and effectiveness. In short, if the current price is above the 200-day moving average (average price of roughly a year’s worth of price data) bullish bets should be favored. On the opposite end, price below the 200-day moving average tends to encourage an outright parish bias with a conviction to sell rallies as they are seen as temporary and less sustainable as dictated by the average price.