Watch $45.00 Level!

28 thg 6, 2017

The WTI Crude Oil market rallied during the session on Tuesday, reaching towards the $44.40 level. Oil rallied significantly in general, but I still think that the Crude Oil Inventories announcement coming out during the day today will significantly move the market. I think that the $45 level above is massively resistance, so given enough time I think that the sellers will return. Because of this, I think that the market is simply a negative market just waiting to happen again. While we are in a negative trend, I think that this rally is going to offer a better opportunity the search shorting again. The $42.50 level will be my target on and exhaustive candle or a bearish inventory announcement.