On analysis of the movement of the WTI Crude Oil futures price since the announcement of inventory on January 10th, 2018, I find that the WTI Crude Oil futures price seems to be facing stiff resistance at the level of $63-$65.
No doubt, the WTI Crude futures price is trading at the good resistive level, but a good consolidation between these ranges may result in an upmove. On analysis of the movement of WTI futures price I find the probabilities of a downward trend are more. I conclude expected propositional trading zones from January 12th to March 23rd, 2018.
Disclosure:
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.