On analysis of the movements of WTI Crude Oil futures since the announcement of weekly inventory, I find that the sustainable consolidation of WTI Crude Oil futures at the current levels is evident enough for eruption of an upward move from the psychological levels of $63.63 to $67.67 very shortly. I find a thick presence of crude bulls just waiting for November 4. Let’s have a look at the movement of WTI Crude Oil futures in the following chart.
WTI Crude Oil Futures 1 Hr. Chart – Expected Trading Move
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.