WTI Bulls Look Too Confident After Shaking Hands With NG

48

Since my last analysis of WTI Crude Oil futures, I find WTI Crude Oil bulls look too confident to move upward before the weekly closing. A sustainable move above the 200 DMA in an hourly chart ensures an eruptive move from the current levels. A weekly closing above $54 will confirm the gap-up opening of WTI Crude Oil futures on the first trading session of the upcoming week. Let’s have a look at the movements of WTI Crude Oil futures in the following charts.

WTI Bulls Look Too Confident After Shaking Hands With NG

WTI Crude Oil

WTI Bulls Look Too Confident After Shaking Hands With NG

WTI Crude Oil

WTI Bulls Look Too Confident After Shaking Hands With NG

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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here