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WTI Crude Oil Forecast: Continuing to Grind Slightly Higher

From dailyforex.com

The West Texas Intermediate Crude Oil market has shown itself to be slightly bullish, as we continue to grind overall to the upside. At this point, the market shows signs of buying on the dips, but at this point in time we just do not have any momentum. We are in the midst of vacation season, so we are going to see a lot less momentum when it comes to a lot of markets, not just the crude oil markets. That being said, there are a handful of things that could move this market, but right now we are focusing on just a few things. The first thing of course is the fact that the US dollar continues to drop in value, and ... (full story)

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  • Category: Technical Analysis