-
Published on 4 Apr 2017
The
WTI Crude Oil market initially fell during the day on Tuesday, but
tested the $50 level only to find buyers. We broke out and towards the
$51 level. If we can break above there, I believe that the market
continues to go even higher. Pullbacks will more than likely be buying
opportunities as it looks like the market is ready to go higher. It will
be choppy, because are so many different things going on and of course
we have the Crude Oil Inventories number coming out during the day which
can cause quite a bit of volatility. Currently, I think the market is
biased to the upside, as we continue to see bullish pressure every time
we draw.
No comments:
Post a Comment