Oil Analysis Thu 6/19/08Mov Avg-Exponential Indicator: Conventional Interpretation: Price is above the moving average so the trend is up. Additional Analysis: Market trend is UP. Stochastic - Fast Indicator: Conventional Interpretation: The SlowK line crossed below the SlowD line; this indicates a sell signal. Additional Analysis: The long term trend is UP. The short term trend looks a little toppy. A possible short term down move may occur. A good upward move is possible without SlowK being overbought. However, a down move in SlowK for this bar is a little concerning short term.
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