The WTI Crude Oil market fell again during the trading session on Thursday, losing 1.5% by the time I record this video. However, what’s rather interesting is that we managed to do this after losing almost 5% during the previous session. The market looks likely to see a lot of supply at the $75 level, and of course the opening of Libyan ports will continue to add more supply to the market overall. With this, it does not surprise me that we reached towards the 50 EMA. I think that the uptrend line below is probably where we could see the market go to, but a short-term bounce is not out of the question. Pay attention ... (full story)