The West Texas Intermediate Crude Oil market has rallied a bit during the trading session on Thursday as we continue to see a major “risk on rally” in everything. Crude oil markets of course continue to have a lot of pressure to the upside, as there is a gap above that should get filled. Ultimately, I believe that the market will fill the gap just due to the fact that a lot of technical traders would like to see that happen. The 200 day EMA attracts a lot of attention, so having said that it is likely that the sellers will come into the marketplace to make the 200 day EMA even more important due to the fact that it ... (full story)