Our technical rating for crude oil is currently “Neutral”. This is on a 0-6 month time horizon. This “master” rating is made up of seven individual investment signals, all equal weighted (14.29% each). Each signal is presented on a normalized scale of 1 (max bearish) to 10 (max bullish). The first chart below shows a summary of the seven signals, and their current score. The subsequent charts show each signal individually.
Measures the strength of the trend. Higher scores reflect greater positive directional trend strength; lower scores reflect greater negative directional trend strength.
A momentum measure, we generate a time series of the absolute percentage change of the underlying market over a blend of 1 month and 3 months.
A momentum measure, we generate a time series of the absolute percentage change of the underlying market over both the short term (using a blend of 1 month and 3 months) and long term (using a blend of 6 month and 12 months).
Measures the level of annualized price volatility relative to history. Volatility is inferred to be negatively correlated with short-term directional price outlooks. Higher scores reflect lower current volatility, and lower scores reflect higher current volatility.
Measures the rate of change in the slope of the moving average. Higher scores represent stronger increases in the moving average, and vice versa for lower scores.
Bollinger Bands create a range of 2 standard deviations either side of a mean, and then measure where current prices are in relation to that range. A higher number reflects that prices are currently towards the bottom of the range and are deemed to be positive for future price gains, and vice versa for a lower number.
A contrarian signal that tracks the positioning of speculative traders. Lower numbers indicate that traders are more overweight, and higher numbers indicate they are more underweight.