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WTI Crude Oil Bulls Look Ready To Retreat

Published 04/18/2018, 11:59 AM
Updated 07/09/2023, 06:31 AM

Since the announcement of Crude Oil Inventories, I find that the growing volatile moves indicate indecisiveness amid bulls. Looking at the movement of WTI futures – and as i noted in my last analysis – I see the beginning of a down trend from current levels with growing volatility ahead. My see the formation of an exhaustive candle in the week ahead.

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Latest comments

It won’t
WTI up almost 2% since this was published- please reiterate again tomorrow? :)
Beneath 64.50 would give credence to a start of a bearish trend with respect of your analysis.
Wishfull thinking but I don't think that's the end game.
WTI is a stampeding bull now, running for full speed for 10 days straight.  If you step in front of the momentus charge with a bear call, you have a good chance of getting run over and bloodied.
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