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Published on Sep 6, 2016
The
WTI Crude Oil market went back and forth during the course of the day
on Tuesday, as we continue to see quite a bit of volatility. The
resulting candle was very neutral and hand two long wicks, which tells
me just how confused the market is at this point in time. I believe that
we’re going to continue to consolidate between the $43 level on the
bottom, and the $46 level on the top. With this being the case, I think
short-term trading continues to be the only way to handle this market,
as volumes are just now starting to pick up from the summer season. With
that being the case, I think that you will have to look to the range
bound systems in order to make money in this market.
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