Since submission of my last analysis, on analysis of the Crude Oil WTI futures on May 14th, 2018, in the same chart pattern at 10:30:00 , I find that the crude oil futures continue to find tough resistance at the level of $71.77 despite repeated futile attempts by oil bulls. I find that the repeated bulls’ futile attempts are evident enough to attract more bears at the current levels as the Emerging Markets FX rebound due to retreating dollar.
I expect the WTI Crude Oil futures to look ready to move downward during the Week of May 13th, 2018.
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