-
Published on 10 Mar 2017
The
WTI Crude Oil market rallied at the beginning of the Friday session,
but found the $50 level to be too resistive. That’s not a huge surprise,
as it is a large, round, psychologically significant number and of
course have been supportive in the past. The fact that we fell late in
the session and broke below the bottom of the range for Thursday shows
that there is even more weakness in this market, and I believe that
every time this market rally short-term, it is a selling opportunity
going forward. Ultimately, I think that the market should continue to
reach towards the $45 level underneath as it has been support in the
past.
Exxon Mobil Corp D Bats (XOM) - Advanced Real-Time Chart Widget
LSE: BP - Advanced Real-Time Chart Widget
LSE: Royal Dutch Shell "B"plc RDSB - Advanced Real-Time Chart WidgetExxon Mobil Corp D Bats (XOM) - Advanced Real-Time Chart Widget
No comments:
Post a Comment