Looking at the West Texas Intermediate Crude Oil market, you can see that we have rallied ever so slightly but at the end of the day we are still very much in the same range that we have been in for some time. After all, we are stuck between a couple of major moving averages in the form of the 200 day EMA, and of course the 50 day EMA. In other words, a lot of technical traders are going to be looking at both the short and long side of this market. This breeds a perfect scenario for sideways trading as we have seen continuing. I do believe that the market will ultimately make a decision, and right now it even looks ... (full story)