Published on Oct 7, 2016
The
WTI Crude Oil market fell a bit during the day on Friday as the jobs
number disappointed. Also, the $50 region of course is massively
resistive, so having said that I think that it makes sense that we would
pull back a little bit from here. A supportive candle below should be a
nice buying opportunity. I believe that the $49 level below is
massively supportive, and I also believe that a break above the top of
the candle for the session on Friday is reason enough to go long as
well. Regardless, it’s hard to argue the fact that we are bit
overextended at this point in time, as the market has shot straight up
over the last couple of weeks.Live News Channels
Al Jazeera: DW News: France 24: Sky News: Euronews in english: Arirang TV:
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