WTI Crude In Safe Zone

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Since my last analysis, Crude Oil futures are still inside the safe zone and are likely to take a reversal after a sustainable move above $59.59. Since the continuous sliding move of WTI Crude Oil futures has had created a lot of panic among the traders, while long term support is still intact, I find WTI is likely to retreat from the current levels amid different noises when the thirsty China and India are too keen to meet oversupply.

WTI Crude In Safe Zone

WTI Crude Oil

WTI Crude In Safe Zone

WTI Crude Oil

WTI Crude In Safe Zone

WTI Crude Oil

WTI Crude In Safe Zone

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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