The WTI Crude Oil market rallied a bit during the trading session on Wednesday, showing the trend line to be reliable and still in effect. The 50 day EMA has offered support, and as a result I believe that short-term pullbacks will continue to offer short-term buying opportunities. The biggest problem of course is that there is a lot of resistance above and of course there’s a lot of uncertainty when it comes down to the US/China trade situation. As long as that’s going to be an issue, it’s probably only somewhat able to rally, because there will always be concerns about demand. I believe that the $64 level above is ... (full story)