The WTI Crude Oil market went back and forth during trading on Tuesday, as the market continues to consolidate in the same general vicinity it has been in for several days. I look at the 50 days level underneath as massive support, just as the $55 level above has been offering significant resistance. If we can break out of this five dollar range, we can either be buyers or sellers depending on the direction. At this point, I believe that until then you need to be looking at something akin to 15 minute chart. Natural gas markets rallied initially during the day, gapping higher on Tuesday. However, the $2.75 level ... (full story)