WTI Crude Oil: Outlook For The Week Of November 13, 2018

 | Nov 13, 2018 07:45AM ET

On analysis of the movements of WTI Crude Oil futures in different time frames, I find that the WTI Crude bulls look too confident to take steep upward move from the current levels. No doubt that the WTI Crude Oil futures will have to face resistance on every upward move, but the formation of a bullish pattern in hourly chart is evident enough for crude bulls to take a steep upward move from the current levels. Let's have a look at the expected trading zones for WTI Crude Oil futures for the week of November 13, 2018.