WTI: Bulls Ready For Fresh Breakout
Satendra Singh | Mar 21, 2019 04:32AM ET
Since my last analysis on the movements of WTI Crude Oil futures in different time frames, I find that WTI Crude Oil futures achieved the defined target well in time and appear ready for a technical bounce after consolidation to cross 200 DMA in the daily time frame. No doubt that the volatility may be in higher scale, but I find that consolidation at the current levels will result in a technical bounce shortly. This may be likely to continue until the weekly closing.
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