The West Texas Intermediate Crude Oil market rallied on Wednesday as we continue to recover overall. The uptrend line is an area that a lot of people will pay attention to, as it has been so profound down for so long. The 50-day EMA is sitting right in the same area, where the market had bounced from. The candlestick on Tuesday was very bullish, but what was interesting is that the market continued despite the fact that inventory numbers did not necessarily suggest that we should see that. A lot of this is going to come down to risk appetite and whether or not the demand for crude oil will continue to pick up. After ... (full story)