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WTI Crude Oil and Natural Gas Forecast

From dailyforex.com

The WTI Crude Oil market rallied slightly during the trading session on Tuesday, showing signs of resiliency again. Looking at the chart, it appears that we continue to hover around the 50 day EMA, and after the very negative candle stick for the Monday session, this was a bit of a welcome reprieve. However, as you can see the market has been bouncing around in trying to figure out where to go. We are currently stuck in a small trading range, as people worry about the US/China trade relations. All things being equal, if we get good news, then crude oil should go higher. However, as we see saw back and forth, ... (full story)

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  • Category: Technical Analysis