Since my last analysis, on the movement of WTI Crude Oil futures, I find that WTI has been sustaining inside the Bullish Consolidation before a breakout during the upcoming week. No doubt that the WTI futures are maintaining the gap, created during the last week. Still, I think the bulls will try to provide a good thrust to crude oil above $56 on growing volatility during the upcoming week, I think that oil futures may turn toward higher trading zones ($56 – $66) with the announcement of more withdrawal this time.
Let’s have a look at the expected trading zones of WTI Crude Oil for December, 2018 in the following charts.
WTI Crude Oil Futures Daily Chart – Expected Trading Zones For December, 2018
WTI Crude Oil Futures 4 Hr. Chart – Expected Trading Zones For December, 2018
Disclaimer: This analysis is only for educational purpose. Readers are requested to kindly consider their own view first, before taking any position.