• Guj private bus operators join truckers' strike Jan 8th, 2009, 20:15 - APD (Length: 1372)
• Abu Dhabi announces plan to reduce oil dependence Jan 8th, 2009, 20:13 - APD (Length: 1798)
• Oil PSU officers harden stand after Gujarat Govt invokes ESMA Jan 8th, 2009, 20:09 - APD (Length: 2929)
• BHEL execs may join oil strike Jan 8th, 2009, 20:07 - APD (Length: 1360)
• PEC to sell 2,000 tonnes of RBD pamolein Jan 8th, 2009, 20:04 - APD (Length: 976)
• Mentha oil futures dip 1 pc Jan 8th, 2009, 20:01 - APD (Length: 759)
• Crude hits lower circuit, plunges 4.6 pc Jan 8th, 2009, 20:01 - APD (Length: 1149)
• STOCKS - AUSTRALIAN SHARES OPEN STRONGER - JAN 9, 2009 Jan 8th, 2009, 19:31 - APU (Length: 2590)
• Schlumberger to cut 1,000 North American employees Jan 8th, 2009, 18:42 - KRT (Length: 2798)
• Xcite Energy Limited ("Xcite Energy" or the "Company") Award of Share Options to Key Members of the Xcite Energy Resources Management Team Jan 8th, 2009, 17:25 - INW (Length: 4221)

[ More Oil News ]

Analysis

Thu 1/8/09

Mov Avg 3 lines Indicator:

Note: In evaluating the short term, plot1 represents the fast moving average, and plot2 is the slow moving average. For the longer term analysis, plot2 is the fast moving average and plot3 is the slow moving average

Conventional Interpretation - Short Term: The market is bullish because the fast moving average is above the slow moving average.

Additional Analysis - Short Term: Even though based on conventional interpretation the market is technically bullish, we will not classify it as extremely bullish until the following occurs: the fast moving average slope is up from the previous bar, price goes above the fast moving average.

Conventional Interpretation - Long Term: The market is bullish because the fast moving average is above the slow moving average.

Additional Analysis - Long Term: Even though based on conventional interpretation the market is technically bullish, we will not classify it as extremely bullish until the following occurs: the slow moving average slope is up from previous bar.

Mov Avg-Exponential Indicator:

Conventional Interpretation: Price is below the moving average so the trend is down.

Additional Analysis: Market trend is DOWN.

Swing Index Indicator:

Conventional Interpretation: The swing index is most often used to identify bars where the market is likely to change direction. A signal is generated when the swing index crosses zero. No signal has been generated here.

Additional Analysis: No additional interpretation.

Volatility Indicator: Volatility is trending up based on a 9 bar moving average.

Open Interest Indicator: Open Interest is trending up based on a 9 bar moving average. This is normal as delivery approaches and indicates increased liquidity.

Important: This commentary is designed solely as a training tool for the understanding of technical analysis of the financial markets. It is not designed to provide any investment or other professional advice.

Note: The above analysis is computer generated from mathematical formulae, and is provided for educational purposes only. Neither the above, nor any information on this site is intended as a trade recommendation.