The West Texas Intermediate Crude Oil market has gone back and forth over the last several sessions, but during the Thursday session showed a certain amount of support. At this point time, the $60 level of course is a large, round, psychologically significant figure and it attracts a certain amount of attention. The market is still in the middle of the overall consolidation area. The consolidation area extends from $57.50 level to the $62.50 level.The 50 day EMA going sideways in the same general vicinity also suggests that we are going to see a lot of choppy and noisy behavior. Beyond that, we also have the uptrend ... (full story)