WTI Crude’s Consolidation Confirms A Psychological Move


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’s Consolidation Confirms A Psychological Move

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

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