WTI: Move Above $64 Will Confirm Uptrend

 | May 26, 2019 09:26AM ET

On analysis of the movements of WTI Crude Oil futures in different time frames, I find that the bulls look aggressive and could move towards the level of $68 during the upcoming week due to escalating tensions between the U.S. and Iran. I find that a sustainable move above the level of $64 will confirm the continuity of an uptrend in WTI Crude Oil futures.