iPath B Daily Balance Of Power

OILB -- USA Etf  

USD 68.33  0.51  0.75%

Investors can use this prediction interface to forecast iPath B historic prices and determine the direction of iPath B SP GSCI Crude Oil TR ETN future trends based on various well-known forecasting models. However looking at historical price movement exclusively is usually misleading. Macroaxis recommends to always use this module together with analysis of iPath B historical fundamentals such as revenue growth or operating cash flow patterns. Additionally take a look at Your Equity Center.
iPath B SP GSCI Crude Oil TR ETN has current Daily Balance Of Power of 0. Balance of Power indicator (or BOP) measures the strength of iPath B SP GSCI Crude Oil TR ETN market sensitivity to bulls and bears. It estimates the ability of iPath B buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring iPath B Balance of Power indicator one can determine a trend of the price direction.
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0iPath B Daily Balance Of Power no trend
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Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.Compare iPath B to competition