WTI: Bullish Formations May Result In A Technical Bounce

 | Mar 17, 2019 10:52AM ET

On analysis of the movements of WTI Crude Oil futures, in different time frames, I find that the WTI Crude Oil futures ended the weekly closing with the formation of a "Bullish Hammer" in 4 Hr. time frame, which may result in bouncing moves from the current levels.