WTI Crude Looks Ready To Defy All Odds

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On analysis of the movements of WTI Crude Oil futures since the opening at the same levels on the first trading session, I find that the WTI Crude bulls have been sincerely attempting their best to maintain above the level of $55.55, despite a lot of selling pressure amid different noises. WTI Crude Oil futures look to defy all odds since they have completed consolidation cycle at the lower levels; a sustainable move above the level of $59.59 will define their next directional move. I find that WTI Crude futures will try to move above their immediate target on November 19th, 2018 to prove the aggressive intention of the crude bulls. No doubt, if WTI Crude futures maintain above the level of $57.57 for next one hour, a steep move will confirm the next step of crude bulls. Let’s have a look at the current movements of Natural Gas futures in the following charts.

WTI Crude Looks Ready To Defy All Odds

WTI Crude Oil Futures 15 Minutes Futures Chart – Expected Trading Zones

WTI Crude Looks Ready To Defy All Odds

WTI Crude Oil Futures 1 Hr. Futures Chart – Expected Trading Zones

WTI Crude Looks Ready To Defy All Odds

WTI Crude Oil Futures 4 Hr. Futures Chart – Expected Trading Zones

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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