The West Texas Intermediate Crude Oil market has been slightly positive during the trading session on Thursday, but still looks as if it has a bit of negativity attached to it. Because of this, I think you’ve got a situation where the market is more likely than not going to continue to struggle, therefore I think you need to pay close attention to any signs of exhaustion in this neighborhood. The 50-Day EMA itself is of course an indicator that a lot of people pay attention to, so it’s worth noting that a certain amount of technical noise will be found there. Furthermore, you have to think about the fundamentals as ... (full story)