On analysis of the movement of WTI Crude Oil futures on September 21st, 2018 in the same chart patterns which I’ve noted in my last analysis, I find the movement of WTI Crude Oil futures is evident enough to define the strength of bears since Tehran has suggested in recent weeks that it could take military action in the Gulf to block other countries’ oil exports in retaliation for U.S. sanctions intended to halt its sales of crude https://www.investing.com/news/commodities-news/iran-puts-on-show-of-strength-military-exercise-in-gulf-1618954 . Let’s have a look at the current position of WTI Crude Oil futures in the following charts.
For further updates on expected trading moves during upcoming weeks, subscribe my YouTube channel https://www.youtube.com/channel/UCnsjgic3owWKZtx1wbTbKLQ
Disclosure
1. This content is for information and educational purposes only and should not be considered as an investment advice or an investment recommendation. Past performance is not an indication of future results. All trading carries risk. Only risk capital be involved which you are prepared to lose.
2. Remember, YOU push the buy button and the sell button. Investors are always reminded that before making any investment, you should do your own proper due diligence on any name directly or indirectly mentioned in this article. Investors should also consider seeking advice from an investment and/or tax professional before making any investment decisions. Any material in this article should be considered general information, and not relied on as a formal investment recommendation.