Cluff Natural Resources shares (LSE:CLNR) are still in a
bullish mode, which means that the current bullish trend will continue.
Price formed a frustrating base in most months of this year,
but it broke upwards in August 2016, trending seriously upwards. The market has
become volatile and bulls and bears are in a deadly struggle for supremacy.
After weeks of recent consolidation, price has begun to go
up again. The ADX period 11 is above the level 60, meaning that the momentum in
the market is now very strong. The DM+ is above the DM-, meaning bulls have
upper hands right now. The MACD, default parameters, has its signal lines above
the zero line, though the histogram is below the zero line.
When the histogram goes above the zero line, there would be
a Bullish Confirmation Pattern in the Cluff Natural Resources daily chart. Price
would continue to go up.
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Super Trading Strategies: Super Traders
Buy and sell Neteller here; get funded quickly: www.ituglobalfx.com.ng
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