The West Texas Intermediate Crude Oil market initially pulled back a bit during the trading session on Thursday, only to turn around and show signs of life again. By forming the candlestick that we have, it is likely that we could break above the $105 level, possibly even looking to get to the $110 level. With this, it would be a very positive turn of events considering just how negative the crude oil market has been. The 50 Day EMA underneath is a significantly important indicator of the trend, and it sits at the $99.21 level. It is very likely that we will see an attempt to support the market in that general ... (full story)