WTI Crude Oil: Outlook For The Week Of November 4th, 2018

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On analysis of the movements of WTI Crude Oil futures in different time frames, I’ve found some expected trading zones for the week of November 4th, 2018. No doubt that the oil market’s two-year bull run is running into one of its biggest tests in months, facing a tidal wave of supply and growing worries about economic weakness sapping demand worldwide, but the November 4th factor will be too decisive to finalize futher directional moves of WTI Crude Oil futures; which will result in high volatility. Let’s have a look at the expected directional moves of the WTI Crude Oil futures in the following charts.

WTI Crude Oil: Outlook For The Week Of November 4th, 2018

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

WTI Crude Oil: Outlook For The Week Of November 4th, 2018

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

Disclaimer: 1. This content is for information and educational purposes only and should not be considered as an investment advice or an investment recommendation. Past performance is not an indication of future results. All trading carries risk. Only risk capital be involved which you are prepared to lose. 2. Remember, YOU push the buy button and the sell button. Investors are always reminded that before making any investment, you should do your own proper due diligence on any name directly or indirectly mentioned in this article. Investors should also consider seeking advice from an investment and/or tax professional before making any investment decisions. Any material in this article should be considered general information, and not relied on as a formal investment recommendation.

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