DeMark Projected Range Oil Technical Analysis & DeMark Projected Range Oil Trading Signals

Developed by Tom Demark.

This oil indicator is used to signal the potential high and low crude oil trading prices that a chart crude crude oil trading price is likely to reach.

This is referred to as the range projection and it is calculated using the open and the close crude oil trading prices of the most recent crude crude oil trading price period.

DeMark Projected Range

Oil Technical Analysis & How to Generate Crude Oil Trading Signals

This oil indicator will show two points, the projected high and the projected low of a specific crude crude oil price period. This will be used as the reference point.

Bullish Up oil trend Signal

If the next crude crude oil trading price bar opens above the projected high then the oil market will continue in an upwards Oil trend.

Bearish down oil trend Signal

If the next crude crude oil trading price bar opens below the projected low then the oil market will continue in a downwards Oil trend.

Ranging Oil Trading Market

If the next crude crude oil trading price bar opens within the projected range, then this is a signal that the oil market will remain in a range base.