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Published on Sep 3, 2016
The
WTI Crude Oil market bounced significantly off of the $43 level during
the day on Friday, as of course that supportive area has offered quite a
bit too the market. I think there is a lot of resistance above near the
$46 level as well though, so I think that any type of exhaustive candle
above could be a nice selling opportunity. I also believe that a break
down below the $43 level would be extraordinarily negative, and
therefore I would have to start selling their as well. I have no
interest whatsoever in trying to buy this market at the moment, as I
think there are far too many moving pieces going forward.
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