-
Published on 20 Dec 2016
The
WTI Crude Oil market had a slightly bullish candle on Tuesday, as we
continue to grind towards the highs. I think that somewhere near the $55
level we will begin to see quite a bit of resistance. If we can break
above the $55 level, the market should continue to go much higher. In
the meantime, I am willing to buy pullbacks every time we see some type
of supportive candle, all the way down to the $50 handle. If we were to
break down below there, then I think that the WTI market will fall
significantly. We do have the Crude Oil Inventories announcement coming
out today, so expect volatility.
No comments:
Post a Comment