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     Fri. Mar. 17, 2017





DWTI: Technical Analysis: Trading Decision

Use the following technical analysis and market news to make your trading decision.


Price Range     Action
$52.54 - $6.97Strong Buy
$6.97 - $1.91Buy
$1.91 - $1.94Hold, or Take Profit
$1.94 - $1.97Hold, or Take Profit
$1.97 - $47.48Sell (Short)
$47.48 - $52.54Strong Sell (Short)

DWTI Fri. Mar. 17, 2017 close price $29.3800 (15.04%).

Short term trading range: $1.91 (OTP 19.8%, trend 0% daily) - $1.97 (OTP 19.8%, trend 0% daily)


$. Always read market news to understand the causes of the price movement before making a trading decision. News
$. Trading decision should start with knowing the current market-agreed price range (support and resistence levels). They're the realization of different views of fundamental analysis. It's safe to say all fundamental analyses are both wrong and right for traders because they're right for this price point and wrong for that price point. The traders care more about which analysis is right first and which is right later.
$. At $29.3800, DWTI has broken short term support level at $52.54, and it has a short term resistance at $52.54.
$. DWTI is in a short term (one week) downtrend pattern. When a downtrend is technically established, more traders will join the thrend and more analysts will stepout to prove they're right about the market, which in turn will accelerate the trend. It may result panic sales sometimes. DWTI is also in a middle term (2-4 weeks) downtrend pattern.
DWTI price fluctuates within 0% daily (68% of days). 10 day price EMA moves at -22.47% a week (StdDev 12.15%), and 20 day price EMA moves at -14.13% a week.
$. DWTI is over bought, and there's a 99% chance for a correction. It's not unusual for an overbought trend to continue a few days before trend reversal.Technical analysis can't answer the question whether an overbought will turn into a breakout to a higher price level or a correction. Only a significant and newly known fact will break a resistence level. All previously known facts and insignificant new facts are what has driven the price to this resistence level, but they won't break the level.
$. The trading volume has decreased -57% from the previous day. On an overbought day this often confirms trend reversal.

iDateOpenCloseLowHighVolume
millions
Vol ChangeOver TradedBSHRSIDaily
Return
Weekly
Return
Weekly
EMA10
Weekly
EMA20
EMA 10EMA 20
12017031728.730029.380028.700029.58001.06-57%99%N29(-98%)15.04%-42.52%-22.47%-14.13%52.544763.8183
22017011023.760025.540023.670025.59002.5-26%99%N22(-99%)-50.28%-55.33%-19.9%-12.44%56.419566.3478
32016120652.030051.370050.480052.58003.39-2%99%N36(-88%)1.97%-33.9%-15.71%-9.55%60.867569.3118
42016120547.240050.380047.070050.55003.45-18%99%N40(-79%)2.65%-28.41%-14.58%-7.31%62.290170.8044
52016120249.890049.080048.610051.04004.22-45%99%N43(-70%)-3.97%-32.55%-13.34%-4.74%64.737972.5723
 
62016120151.130051.110048.100052.01007.67-31%99%N40(-79%)-10.6%-23.14%-10.41%-1.8%67.773874.3229
72016113063.540057.170053.750063.540011.13259%99%N40(-79%)-26.44%-14.9%-8.32%0.2%70.433175.7737
82016112977.060077.720075.920079.50003.1-12%99%S55(76%)10.44%20.09%-7.81%1.62%72.215776.6306
92016112869.690070.370066.860072.29003.5349%99%N51(62%)-3.28%-5.59%-8.87%1.57%72.923476.3918
102016112569.620072.760068.890073.99002.37-24%99%N48(-50%)9.41%-7.74%-7.84%2.37%74.702176.1799
 
112016112368.020066.500064.720068.65003.12-22%99%N43(-70%)-1.01%-13.05%-7.08%3.1%75.649375.6862
122016112265.400067.180064.050069.85004.0211%99%N38(-84%)3.8%-8.81%-5.9%4.48%76.820875.6234
132016112168.260064.720064.190069.21003.634%99%N39(-82%)-13.17%-25.52%-4.04%5.25%78.329775.4096
142016111876.140074.540074.060079.06003.49-12%99%N45(-62%)-5.48%-16.64%-0.24%7.1%80.023275.2090
152016111772.010078.860070.790078.91003.996%99%N44(-66%)3.11%-4.64%4.29%8.51%81.060874.4144
 
162016111675.520076.480071.680078.10003.76-3%99%N47(-54%)3.81%-0.88%7.63%9.12%81.417573.4109
172016111580.970073.670073.000081.05003.878%99%N49(54%)-15.22%-9.6%9.85%9.18%81.635772.3827
182016111490.630086.900086.600095.27003.5714%99%S61(90%)-2.82%8.45%13%10.27%81.627371.6472
192016111186.930089.420086.350090.30003.1351%99%S59(86%)8.13%5.59%14.55%10.3%80.218070.2206
202016111081.520082.700078.940082.70002.07-49%99%S56(79%)7.18%0.53%15.71%10.02%77.728968.5784
 

 
 

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