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WTI Crude Oil: Market has Rough Closing

From dailyforex.com

The West Texas Intermediate Crude Oil market rallied significantly initially during the trading session on Tuesday but gave back the gains towards the end of the day. The crude oil market is still looking likely to cause a lot of headaches for traders going forward. With that in mind, I believe that the market will continue to see a lot of noise, so you should be cautious about your trading position. Looking at the shape of this candlestick, it certainly looks as if crude oil is being threatened, so a breakdown could be a real possibility. At this point, if we were to break down below the lows of the trading session ... (full story)

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  • Category: Technical Analysis