The West Texas Intermediate Crude Oil market has recaptured all of the losses from the horrific selling on Monday, which is a bit surprising considering that its 8% loss is very rarely a short-term occurrence or a “one-off”. That being said, we now have recaptured the 50 day EMA which is also worth paying attention to, as technical traders will pay close attention to it. However, one thing that need to pay close attention to is that we had such a horrific selloff that I still think there is going to be a bit of resistance above. That resistance is something that a lot of traders will be looking at, as there is so ... (full story)