Since submission of my last analysis, I find WTI Crude Oil futures at a crucial juncture before moving ahead amid different noises from OPEC + and Non-OPEC countries. I find WTI Crude bulls look too aggressive to move ahead after the crude oil inventory announcement on September 3rd, 2018. On analysis of the movement of WTI Crude Oil futures on September 3rd, 2018, in different time frames, in the same chart patterns which I’ve noted in my last analysis, I find growing demand for crude at global level will provide enough support to Crude bulls. Let’s have a look at the position of WTI Crude Oil futures in following charts.
For understanding the movement of WTI Crude Oil futures in more detail, watch below:
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