The West Texas Intermediate Crude Oil market continues to dance around the $40 level, as the market has nowhere to be. The 50 day EMA is flattening out so it looks like we are going back into that” watching paint dry” type of market, as we are simply going back and forth in a very tight range. All things being equal though, I am much more bearish than I am bullish as the US dollar seems to be picking up quite a bit of strength, and that will eventually make itself known here. For what it is worth, there was a massive $0.75 spike in the middle of the day for no apparent reason, so I have the sneaking suspicion that ... (full story)