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Published on Sep 12, 2016
The
WTI Crude Oil market had a very volatile session during the day on
Monday, initially falling down to the $44.50 region. Ultimately, this is
a market that seems to be very volatile, and I believe that we are
trying to tighten up the range. Given enough time, will have to make
some type of impulsive move, but at this point in time I simply do not
believe that the market is ready to do so. After all, we are starting to
worry about demand and of course the value of the US dollar, acetyl
bankers continue to kick around interest-rate expectations. With that
being the case, the market will more than likely continue very choppy
short-term movements. With this in mind, I’m looking for a short-term
exhaustive candle that I can sell for a quick trade.
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