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WTI Crude Bulls Facing Heavy Liquidation At Every Step

Published 04/26/2018, 10:26 AM
Updated 07/09/2023, 06:31 AM


Since submission of my last analysis, on analysis of the movement of WTI Crude Oil futures on April 25th at 10:20:00 in different time frames in the same chart which I noted in my last analysis, I find that the WTI Crude Oil futures have been continuously facing heavy liquidation pressure on every forward step since then. I find that the WTI Crude bears look too aggressive amid different noises. I conclude that a downward move is going be the next step if the WTI Crude Oil futures are not able to sustain above the level of $69.10.

WTI Crude Oil Futures 4 Hr. Chart - Expected Trading Zones

WTI Crude Oil Futures 1 Hr. Chart - Expected Trading Zones


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Latest comments

Look at the EIA Report the same report would have sent the price of wti down a least 5% instead it goes up the trend is changing the decline curve will win
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