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

Developed by Tom Demark.

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

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

DeMark Projected Range

Oil Trading Technical Analysis & Generating Trading Signals

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

Bullish Up oil trend Signal

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

Bearish down oil trend Signal

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

Ranging Oil Trading Market

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