The West Texas Intermediate Crude Oil market continues to go back and forth, doing nothing at all, as we are sitting around the $41 level. Ultimately, this is a market that I think will try to break out one way or the other, but watching it move lately has been like watching paint dry, and as a side note I used to be a painting contractor in a previous life so I know what I am talking about! The 20 day EMA currently sits at the $41.30 level, and it is offering support. I also recognize that the 50 day EMA underneath will offer support and it is essentially a “zone of support” that we are paying attention to. If we ... (full story)