WTI Looks Ready For A Bounce From The Bottom

43

Since a series of frequent developments at political and economic front at global levels, I find that the WTI Crude Oil futures look ready for a bounce from the bottom. A good gap-up opening will confirm the advent of ‘Volatile Moves’. No doubt, amid growing volatility, crude bears look to make a forced retrieval from the current levels. Let’s have a look at the expected moves in the following charts.

WTI Looks Ready For A Bounce From The Bottom

WTI Crude Oil Futures Daily Chart – Expected Trading Zones December 23rd – 31st, 2018

WTI Looks Ready For A Bounce From The Bottom

WTI Crude Oil Futures 4 Hr. Chart – Expected Daily Trading Zones From December 23rd – 31st, 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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here