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Sunday 18 June 2017

WTI Crude Oil and Natural Gas Forecast June 19, 2017: DailyForex

Published on 18 Jun 2017
The WTI Crude Oil market bounced during the session on Friday, reaching towards the $45 level above. That is a level that has a certain amount of psychological significance obviously, as it was supportive in the past and of course it’s a large, round, psychologically significant number. If we rally from here, the market will continue to find sellers above, somewhere near the $47 level. An exhaustive candle is exactly what I’m looking forward to start selling, as the market is most certainly bearish in general. I don’t see any reason to try to return to the bullish side of this trade, as it is so bearish in general. Any bounce at this point must be look at as a nice selling opportunity.

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