View full page at energyexch.com

 

WTI Crude Oil Forecast: Continues Trading at Same Level

From dailyforex.com

The West Texas Intermediate Crude Oil market continues to do very little as far as a range is concerned, as we have been dancing around the $40 level. This area also features the 50 day EMA so that of course will attract a lot of attention also. The US dollar has been all over the place during the last couple of days, so the market is likely to continue to see a bit of a mixed review when it comes to whether or not that is going to have significant influence. The market has been flat for the most part of the last couple of months with the occasional grind in one direction or the other. Ultimately, I think that is ... (full story)

Story Stats

  • Posted:
  • Category: Technical Analysis