CCI Divergence Indicator
CCI technical indicator is one of the commonly used divergence indicator. This technical indicator is an oscillator similar to the RSI and it can be used to trade divergence setups just the same way as the RSI indicator.
CCI Oil Trading Technical Analysis & CCI Trading Signals
The Commodity Channel Index measures the variation of a commodity crude oil price from its statistical mean/statistical average.
CCI technical indicator is an oscillator which oscillates between high levels & low levels
When the CCI is high it shows that oil trading price is unusually high compared to the its average.
When the CCI is low it shows that oil trading price is unusually low when compared to the its average.
CCI Divergence Technical Indicator
CCI Divergence Technical Indicator
CCI Bullish Oil Trading Divergence Setups
Classic CCI Bullish Crude Oil Trading Divergence
CCI classic bullish divergence occurs when crude oil trading price is making lower lows (LL), but the CCI technical technical indicator is making higher lows ( HL ).
Oil Trading Classic Bullish Divergence - CCI Divergence Technical Indicator
CCI classic bullish divergence warns of a possible change in the oil trend from down to up. This is because even though the crude oil price went lower the volume of sellers who pushed the oil price lower was less as illustrated by the CCI indicator. This is an technical indicator of the underlying weakness of the downwards trend.
Hidden CCI Bullish Oil Trading Divergence
Forms when crude oil trading price is making a higher low (HL), but the CCI technical technical indicator is showing a lower low ( LL ).
CCI hidden bullish divergence occurs when there is a retracement in an upwards oil trend.
Crude Oil Hidden Bullish Divergence
This set up confirms that a retracement move is complete. This CCI divergence setup indicates underlying strength of an upward oil trend.
Bearish Oil Trading Divergence Setup
Hidden CCI Bearish Crude Oil Trading Divergence
Forms when crude oil trading price is making a lower high (LH), but the oscillator technical indicator is showing a higher high ( HH ).
Hidden bearish divergence forms when there's a retracement in a downward oil trend.
Oil Hidden Bearish Divergence - CCI Divergence Technical Indicator
This set up confirms that a retracement move is complete. This divergence indicates underlying strength of a downward oil trend.
CCI Classic bearish Oil Trading Divergence
CCI classic bearish divergence occurs when crude oil trading price is making a higher high (HH), but the CCI technical technical indicator is making a lower high ( LH ).
Oil Classic Bearish Divergence - CCI Divergence Technical Indicator
CCI Classic bearish divergence warns of a possible change in the oil trend from up to down. This is because even though the crude oil price went higher the volume of buyers that pushed the crude oil trading price higher was less as illustrated and shown by the CCI technical indicator. This is an technical indicator of the underlying weakness of the upwards trend.
