WTI Crude Oil: Outlook For The Week Of November 18th, 2018

16

On analysis of the WTI Crude Oil futures in different time frames, I find that the WTI Crude Oil futures look steady, after consolidation; and look to have an eye at the upper consolidation zone from $58 to $64.64. I find that the WTI Crude Oil futures may be a good buy from the level of $56 with a Stop Loss order at $53 for a target above $68.67. No doubt that the opening level on the first trading session of the Week will play a decisive role in defining the further directional moves of the WTI Crude Oil futures, but a sustainable move above the level of $61.48 will confirm an upward move of WTI Crude Oil futures. Let’s have a look at the movements of WTI Crude Oil futures in the following charts.

WTI Crude Oil: Outlook For The Week Of November 18th, 2018

WTI Crude Oil Futures Daily Chart – Expected Trading Zones For The Week Of November 18th, 2018

WTI Crude Oil: Outlook For The Week Of November 18th, 2018

WTI Crude Oil Futures 4 Hr. Chart – Expected Trading Zones For The Week Of November 18th, 2018

WTI Crude Oil: Outlook For The Week Of November 18th, 2018

WTI Crude Oil Futures 1 Hr. Chart – Expected Trading Zones For The Week Of November 18th, 2018

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