Tuesday, October 05, 2010 6:28:30 AM
Re: $WTIC
Technically speaking, the ball is on RSI's side: While $WTIC has plenty of overhead space to go about the channel, RSI remains under a selling pressure trendline.
The trading range that has defined this index since the latter part of 2009 will most likely offer its breakout signal as well, as price has oscillated between $69.00 and $87.00 in a soft arch formation.
Until RSI proves otherwise, the trend remains BEARISH:
- Dalcindo
Technically speaking, the ball is on RSI's side: While $WTIC has plenty of overhead space to go about the channel, RSI remains under a selling pressure trendline.
The trading range that has defined this index since the latter part of 2009 will most likely offer its breakout signal as well, as price has oscillated between $69.00 and $87.00 in a soft arch formation.
Until RSI proves otherwise, the trend remains BEARISH:
- Dalcindo
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