WTI: Bulls Look Ready To Bounce Amid Trade War Hopes

 | Feb 19, 2019 02:01AM ET

On analysis of the movements, of WTI Crude Oil futures in different time frames, I find that hopes of resolving tariff trade war are evident enough to encourage crude bulls to move upward. A sustainable move above $56.56 will encourage crude bulls to move towards their next immediate target of $62.62.