The WTI Crude Oil market has shown a proclivity to go higher during the trading session on Friday, as we press the vital $55 level. That’s an area that of course attract a lot of attention but we are also in the process of building an inverse head and shoulders, which could measure for a move to the $66 area. This isn’t going to happen overnight, but it certainly looks as if oil has found its bottom and I think if we can get above the $55 level, I think we will see a significant bullish run. If we pull back to the 20 day EMA, we may find buyers there as well, pictured in green on the chart. {video} Brent markets also ... (full story)