The WTI Crude Oil market rallied on Friday, gaining 0.5% by the time the Americans were ready to call it a day. We are testing the 50 EMA and have seen support there so far. Beyond that, the $70 level has come into play, and offered support as well. However, we gave back quite a bit of the gains for the session, so it makes sense that we could continue to face a lot of trouble. The $75 level above has been massively resistive, so a break above that level is obviously a very bullish sign. Overall though, I think that the market will continue to sell in the short term. The uptrend line of course offers quite a bit of ... (full story)