Intraday price change for CL is about $0.82 from the day's low to the day's high.
The previous business day's price range from the open of $71.41 is expected to range from a low of $70.99 to a high of $71.81.
Price moves beyond this range are outside the average.
The previous business day's closing price may be between $71.50 and $71.32 assuming average price movements.
Note that events including news, CL earnings, or broad market swings will unexpectedly affect price.
Closing prices outside of this range indicate a move outside the average closing price movement.
This signal was generated on August 11th
and closed on August 15th, for a holding time of 2 business days.
Signals with this combination of indicators have an average holding time of 3-4 business days.