WTI Crude Oil Forecast: Crude Oil Finds Buyers on the Dip

WTI Crude Oil Forecast: Crude Oil Finds Buyers on the Dip

From dailyforex.com

The West Texas Intermediate Crude Oil market has been very volatile over the last couple of days, and at the beginning of Thursday, we did see some selling. That being said, the market is seemingly respecting the 50 Day EMA, as that is where we, the market, have seen buyers come back in. The candlestick for the trading session looks as if it will form a hammer. If we break above the top of the candlestick, then it is likely that the market will go to the $110 level. The market also has a downtrend line that coincides with that level. The market is breaking below the 50 Day EMA could send this market down to the $100 ... (full story)

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From dailyforex.com|May 13, 2022
The West Texas Intermediate Crude Oil market has been very volatile over the last couple of days, and at the beginning of Thursday, we did see some selling. That being said, the ...

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