WTI: Boiling Point Begins From $53.53

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Since my last analysis, WTI crude oil, I find crude bulls look too confident since they are trying their best to touch the “Boiling Point” of WTI Crude Oil; which begins from the level of $53.53. No doubt, once the crude bull sustain above the boiling point, WTI Crude Oil futures will witness plethora of short covering rallies. I find enough evidence of an eruptive move, once the WTI Crude Oil futures make a sustainable move above $52.82 within next one hour. Let’s have a look at the movements of WTI Crude bulls in the following charts.

WTI: Boiling Point Begins From $53.53

WTI Crude Oil

WTI: Boiling Point Begins From $53.53

WTI Crude Oil

Disclaimer: This analysis is only for educational purpose. Readers are requested to kindly consider their own view first, before taking any position.

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