- published: 18 Aug 2017
- views: 25
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WTI Crude Oil and Natural Gas Forecast August 21, 2017
The WTI Crude Oil market exploded to the upside on Friday, showing signs of life again. As the demand is starting to pick up in the United States, the should continue to push this market higher. I think that the market will go looking towards the $50 level, but I would expect to see a massive amount of resistance in that area. If we can break above $50, that is going to be a very positive sign. However, I don’t think we are going to, least not on the first attempt. So, having said that, I think the you have a short-term buying opportunity followed by what more than likely will be at the very least a pullback. The market will remain volatile as it has been for some time, but ultimately, I think the buyers are going to have their say over the next several sessions. for more analysis: http:/...
published: 18 Aug 2017 -
WTI Crude Oil and Natural Gas Forecast August 18, 2017
Thursday saw the WTI Crude Oil market fall significantly, but turned around and form a hammer. Because of this, I think we could get a bounce but today is can be a very interesting session as we get the Baker Hughes Rig Count, and this could give us an idea as to how much production is coming out of the United States. Because of this, it’s likely that we will continue to see a significant amount of volatility, and if that number is above the 783 from last week, we could see a drop. Ultimately, I think that the market should continue to see quite a bit of volatility, but I think that any rally at this point would have to be looked at with suspicion, as the $50 level should be massively resistive. for more analysis: http://www.dailyforex.com
published: 17 Aug 2017 -
WTI Crude Oil and Natural Gas Forecast August 1, 2017
The WTI Crude Oil market gapped higher on Monday, but then fell towards the $49 level. We found enough buyers in that area to break above the $50 handle finally, and ended up forming a bit of a hammer for the day. This suggests that there is plenty of buying pressure underneath, although we are bit overextended. At this point, it appears that the oil markets are trying to break out to the upside and reach towards the $52.50 level. I believe that the $55 level above there is the top of the overall consolidation, so sooner, rather than later, I think that we will have sellers come back into this market. However, and the short-term it is obvious that this market is very bullish. for more analysis: http://www.dailyforex.com
published: 31 Jul 2017 -
WTI Crude Oil and Natural Gas Forecast August 10, 2017
The WTI Crude Oil market went back and forth during the day on Wednesday again as we continue to hover just below the $50 level. It looks as if this area is offering a significant amount of resistance, especially considering how positive the inventory number should have been during the day. Because of this, I think that we could see a pullback from here, and a move below the $48.25 level census market much lower. If we break above the $50.50 level, the market should then continue to go much higher. Ultimately, I think that the markets are essentially stuck in this range, and I am not expecting any type of major move. If we do break above the $50.50 level, the market should then go to the $52.50 level. If a breakdown occurs in this market, I believe that we will probably go looking for supp...
published: 09 Aug 2017 -
The Basics to Day Trading Crude Oil Futures - WTI vs. Brent. How to Trade Futures futures contract
Let me show the Correct Way to Trade Bond Futures The Basics to Trading Crude Oil Futures - WTI vs. Brent - oil futures, learn to trade oil futures, trading oil futures, trading brent wti futures, futures oil trading, wti oil futures, trading futures in oil how to trade futures futures contract day trading
published: 18 Apr 2017 -
What is WTI Crude oil?
Welcome to the Investors Trading Academy talking glossary of financial terms and events. Our word of the day is “WTI Crude oil”. WTI refers to oil extracted from wells in the U.S. and sent via pipeline to Cushing, Oklahoma. The fact that supplies are land-locked is one of the drawbacks to West Texas crude – it’s relatively expensive to ship to certain parts of the globe. The product itself is very light and very sweet, making it ideal for gasoline refining, in particular. WTI continues to be the main benchmark for oil consumed in the United States. WTI is considered “sweet" crude because it is about 0.24% sulfur, a lower concentration than North Sea Brent crude. WTI is high quality oil that is easily refined. Light, sweet crude oil commonly referred to as "oil" in the Western world. WTI...
published: 26 Jun 2015 -
WTI Crude Oil and Natural Gas Forecast August 7, 2017
The WTI market initially sold off during the day on Friday, but then turned around to show signs of strength after the stronger than anticipated job announcement coming out of the United States suggesting that perhaps demand will pick up. Because of this, we continue to consolidate between the $48.50 level on the bottom and the $50 level on the top. I believe that the market continues to see choppiness, and it’s likely that if we can break above to a fresh, new high, the market should then reach towards the $52 level above. Ultimately, a breakdown below the $48.50 level since this market looking towards the $47 handle. I think that there is a significant amount of noise in this market, so I prefer the consolidate of play. for more analysis: http://www.dailyforex.com
published: 04 Aug 2017 -
WTI Crude Oil and Natural Gas Forecast June 30, 2017
The WTI Crude Oil market initially tried to rally during the day on Thursday, but found the area above the 50-day exponential moving average to be far too resistive. The $45 level continues to be massively resistive, and we turned around to form a shooting star. That is a very negative sign, and if we can break below the bottom of the daily range from the Thursday session, the market should then go looking down to the $42.50 handle. We are in a longer-term downtrend, so this makes quite a bit of sense, and I believe that the sellers will of course continue to take advantage of the overall pressure and of course the oversupply of crude oil around the world. If the US dollar starts to pick up value, this market should continue to go even lower. for more analysis: http://www.dailyforex.com
published: 29 Jun 2017 -
WTI vs Brent - What is the Difference?
This video is about crude oil. The quality metrics of crude oil, such as light vs heavy crude oil, sweet vs sour crude oil and API gravity. The rest of the video covers the differences between Brent and WTI crude oil - two trading classifications of sweet light crude oil that serve as the two major benchmark prices for purchases of oil worldwide - and their role in the futures market. Download our new Commodities price forecast report FREE: http://www.focus-economics.com/commodities2016 Other related Links: http://www.focus-economics.com Original WTI vs Brent blog post: http://www.focus-economics.com/blog/difference-between-wti-and-brent Energy commodities news: http://www.focus-economics.com/commodities/energy Brent crude oil price outlook: http://www.focus-economics.com/commodities/ene...
published: 29 Apr 2016 -
WTI Crude Oil and Natural Gas Forecast August 17, 2017
The WTI Crude Oil market fell significantly during the day on Wednesday, breaking down below the bottom of the hammer from the previous session. By doing so, it looks as if we are going to continue to see bearish pressure, and that the market will more than likely go back towards the bottom of the overall consolidation. Because of this, I’m a seller of short-term rallies, and believe that the market will continue to find a significant amount of bearish pressure. Ultimately, one thing that I cannot help but notice is that the US dollar lost a significant amount of value during the day, but at the same time oil fell. That shows just how weak the crude oil market is. With that in mind, I don’t see any reason why this market will go looking towards the $42.50 level. for more analysis: http://...
published: 16 Aug 2017 -
WTI Crude Oil and Natural Gas Forecast July 14, 2017
The WTI Crude Oil market rallied on Thursday, after initially dipping down towards the $45 level. We bounced enough to reach above the $46 level, and I think that any rally at this point is going to start running into a significant resistance. The $47 level above should be a bit of a ceiling, so I’m looking for and exhaustive candle to start selling. If we break down below the $45 level, I think the market will drop to the $43.50 level then. I believe that there is still a significant amount of bearish pressure longer-term on this market, but we are starting to see a bit short covering so we could continue to be very volatile. Until we break above the $47 level, I don’t have any interest in buying this market. for more analysis: http://www.dailyforex.com
published: 13 Jul 2017 -
Crude Oil Prices: Trading Brent & WTI Futures | Closing the Gap: Futures Edition
As the two benchmark products for Crude Oil, WTI (/CL) and Brent (/BZ) are highly correlated to one another. But in times of price increases in Crude Oil, Brent tends to outperform WTI, thereby widening the spread between the two products. Today, tastytrade presents a Futures pairs trade that capitalizes on this movement, Buying /BZ and Selling /CL. Watch this segment to learn the ratio between these two commodity products, the historical spread between them and what a futures trader can reasonably expect in terms of managing this position. See more videos from the Closing the Gap: Futures Edition Series: http://ow.ly/1b9v308EH3F The gap between the self-directed and institutional trader in the world of Futures gets closer as Tom and Tony go head-to-head with one of the Futures market i...
published: 03 Feb 2017 -
WTI Crude Oil and Natural Gas Forecast August 15, 2017
The WTI Crude Oil market initially tried to rally during the session on Monday, but fell rather precipitously, breaking through the bottom of a hammer from the Friday session. That being the case, the market looks as if it is going to go down to the $47 level. A breakdown below there should send this market to the $45.50 level as well. This market seems to be rolling over as we have seen more than once, and I think that the downward channel may be continuing yet again. If we broke above the $50 level, that would of course be a very bullish sign and could turn everything around. Ultimately, I believe that the market should continue to be bearish and therefore I look at short-term rallies that show signs of exhaustion as a nice opportunity to start shorting again. for more analysis: http://...
published: 14 Aug 2017 -
WTI Crude Oil and Natural Gas Forecast June 19, 2017
The WTI Crude Oil market bounced during the session on Friday, reaching towards the $45 level above. That is a level that has a certain amount of psychological significance obviously, as it was supportive in the past and of course it’s a large, round, psychologically significant number. If we rally from here, the market will continue to find sellers above, somewhere near the $47 level. An exhaustive candle is exactly what I’m looking forward to start selling, as the market is most certainly bearish in general. I don’t see any reason to try to return to the bullish side of this trade, as it is so bearish in general. Any bounce at this point must be look at as a nice selling opportunity. for more analysis: http://www.dailyforex.com
published: 18 Jun 2017 -
WTI Crude Oil and Natural Gas Forecast August 16, 2017
The WTI Crude Oil market initially fell on Tuesday again, but found enough support underneath the $47 level to turn around and form a hammer. This makes a significant candle for the day, but I recognize that the Crude Oil Inventories announcement comes out today, and that could either confirm this hammer is a bullish sign, or negated, which would be a very negative sign. Because of this, I’m waiting until the market breaks one of those ends of the candle and simply following. I will not take this trade until after the announcement though, because it of course can change the overall attitude. Longer-term, I remain bearish but I recognize that a bounce back to the $50 level wouldn’t necessarily be out of the ordinary. for more analysis: http://www.dailyforex.com
published: 15 Aug 2017 -
WTI Crude Oil and Natural Gas Forecast June 23, 2017
The WTI Crude Oil market bounced during the day on Thursday, but continues to find resistance near the $43.50 level. Ultimately, this is a market that has a significant amount of bearish pressure on it, and I believe that we are going to reach towards the $42 level underneath. A break above the $43.50 level should send this market looking for the $45 level. I have no interest whatsoever in buying this market, because quite frankly the oversupply issue continues to haunt the market. Once we break down below the $42 level, the market should then go down to the $40 level which is a longer-term support level. Either way, expect a lot of volatility because of the massive pressure that we see in the market. I prefer to sell rallies as it gives us an opportunity to build up momentum. for more an...
published: 22 Jun 2017
WTI Crude Oil and Natural Gas Forecast August 21, 2017
- Order:
- Duration: 1:07
- Updated: 18 Aug 2017
- views: 25
The WTI Crude Oil market exploded to the upside on Friday, showing signs of life again. As the demand is starting to pick up in the United States, the should continue to push this market higher. I think that the market will go looking towards the $50 level, but I would expect to see a massive amount of resistance in that area. If we can break above $50, that is going to be a very positive sign. However, I don’t think we are going to, least not on the first attempt. So, having said that, I think the you have a short-term buying opportunity followed by what more than likely will be at the very least a pullback. The market will remain volatile as it has been for some time, but ultimately, I think the buyers are going to have their say over the next several sessions.
for more analysis: http://www.dailyforex.com
https://wn.com/Wti_Crude_Oil_And_Natural_Gas_Forecast_August_21,_2017
WTI Crude Oil and Natural Gas Forecast August 18, 2017
- Order:
- Duration: 1:14
- Updated: 17 Aug 2017
- views: 104
Thursday saw the WTI Crude Oil market fall significantly, but turned around and form a hammer. Because of this, I think we could get a bounce but today is can be a very interesting session as we get the Baker Hughes Rig Count, and this could give us an idea as to how much production is coming out of the United States. Because of this, it’s likely that we will continue to see a significant amount of volatility, and if that number is above the 783 from last week, we could see a drop. Ultimately, I think that the market should continue to see quite a bit of volatility, but I think that any rally at this point would have to be looked at with suspicion, as the $50 level should be massively resistive.
for more analysis: http://www.dailyforex.com
https://wn.com/Wti_Crude_Oil_And_Natural_Gas_Forecast_August_18,_2017
WTI Crude Oil and Natural Gas Forecast August 1, 2017
- Order:
- Duration: 1:20
- Updated: 31 Jul 2017
- views: 159
The WTI Crude Oil market gapped higher on Monday, but then fell towards the $49 level. We found enough buyers in that area to break above the $50 handle finally, and ended up forming a bit of a hammer for the day. This suggests that there is plenty of buying pressure underneath, although we are bit overextended. At this point, it appears that the oil markets are trying to break out to the upside and reach towards the $52.50 level. I believe that the $55 level above there is the top of the overall consolidation, so sooner, rather than later, I think that we will have sellers come back into this market. However, and the short-term it is obvious that this market is very bullish.
for more analysis: http://www.dailyforex.com
https://wn.com/Wti_Crude_Oil_And_Natural_Gas_Forecast_August_1,_2017
WTI Crude Oil and Natural Gas Forecast August 10, 2017
- Order:
- Duration: 1:15
- Updated: 09 Aug 2017
- views: 134
The WTI Crude Oil market went back and forth during the day on Wednesday again as we continue to hover just below the $50 level. It looks as if this area is offering a significant amount of resistance, especially considering how positive the inventory number should have been during the day. Because of this, I think that we could see a pullback from here, and a move below the $48.25 level census market much lower. If we break above the $50.50 level, the market should then continue to go much higher. Ultimately, I think that the markets are essentially stuck in this range, and I am not expecting any type of major move. If we do break above the $50.50 level, the market should then go to the $52.50 level. If a breakdown occurs in this market, I believe that we will probably go looking for support near the $47 level underneath.
for more analysis: http://www.dailyforex.com
https://wn.com/Wti_Crude_Oil_And_Natural_Gas_Forecast_August_10,_2017
The Basics to Day Trading Crude Oil Futures - WTI vs. Brent. How to Trade Futures futures contract
- Order:
- Duration: 4:03
- Updated: 18 Apr 2017
- views: 1178
Let me show the Correct Way to Trade Bond Futures
The Basics to Trading Crude Oil Futures - WTI vs. Brent - oil futures, learn to trade oil futures, trading oil futures, trading brent wti futures, futures oil trading, wti oil futures, trading futures in oil how to trade futures futures contract day trading
https://wn.com/The_Basics_To_Day_Trading_Crude_Oil_Futures_Wti_Vs._Brent._How_To_Trade_Futures_Futures_Contract
What is WTI Crude oil?
- Order:
- Duration: 1:17
- Updated: 26 Jun 2015
- views: 1307
Welcome to the Investors Trading Academy talking glossary of financial terms and events.
Our word of the day is “WTI Crude oil”.
WTI refers to oil extracted from wells in the U.S. and sent via pipeline to Cushing, Oklahoma. The fact that supplies are land-locked is one of the drawbacks to West Texas crude – it’s relatively expensive to ship to certain parts of the globe. The product itself is very light and very sweet, making it ideal for gasoline refining, in particular. WTI continues to be the main benchmark for oil consumed in the United States.
WTI is considered “sweet" crude because it is about 0.24% sulfur, a lower concentration than North Sea Brent crude. WTI is high quality oil that is easily refined. Light, sweet crude oil commonly referred to as "oil" in the Western world. WTI is the underlying commodity of the New York Mercantile Exchange's oil futures contracts.
This grade is described as light because of its relatively low density, and sweet because of its low sulfur content.
By Barry Norman, Investors Trading Academy
https://wn.com/What_Is_Wti_Crude_Oil
WTI Crude Oil and Natural Gas Forecast August 7, 2017
- Order:
- Duration: 1:15
- Updated: 04 Aug 2017
- views: 89
The WTI market initially sold off during the day on Friday, but then turned around to show signs of strength after the stronger than anticipated job announcement coming out of the United States suggesting that perhaps demand will pick up. Because of this, we continue to consolidate between the $48.50 level on the bottom and the $50 level on the top. I believe that the market continues to see choppiness, and it’s likely that if we can break above to a fresh, new high, the market should then reach towards the $52 level above. Ultimately, a breakdown below the $48.50 level since this market looking towards the $47 handle. I think that there is a significant amount of noise in this market, so I prefer the consolidate of play.
for more analysis: http://www.dailyforex.com
https://wn.com/Wti_Crude_Oil_And_Natural_Gas_Forecast_August_7,_2017
WTI Crude Oil and Natural Gas Forecast June 30, 2017
- Order:
- Duration: 1:16
- Updated: 29 Jun 2017
- views: 191
The WTI Crude Oil market initially tried to rally during the day on Thursday, but found the area above the 50-day exponential moving average to be far too resistive. The $45 level continues to be massively resistive, and we turned around to form a shooting star. That is a very negative sign, and if we can break below the bottom of the daily range from the Thursday session, the market should then go looking down to the $42.50 handle. We are in a longer-term downtrend, so this makes quite a bit of sense, and I believe that the sellers will of course continue to take advantage of the overall pressure and of course the oversupply of crude oil around the world. If the US dollar starts to pick up value, this market should continue to go even lower.
for more analysis: http://www.dailyforex.com
https://wn.com/Wti_Crude_Oil_And_Natural_Gas_Forecast_June_30,_2017
WTI vs Brent - What is the Difference?
- Order:
- Duration: 14:13
- Updated: 29 Apr 2016
- views: 1912
This video is about crude oil. The quality metrics of crude oil, such as light vs heavy crude oil, sweet vs sour crude oil and API gravity. The rest of the video covers the differences between Brent and WTI crude oil - two trading classifications of sweet light crude oil that serve as the two major benchmark prices for purchases of oil worldwide - and their role in the futures market.
Download our new Commodities price forecast report FREE:
http://www.focus-economics.com/commodities2016
Other related Links:
http://www.focus-economics.com
Original WTI vs Brent blog post: http://www.focus-economics.com/blog/difference-between-wti-and-brent
Energy commodities news: http://www.focus-economics.com/commodities/energy
Brent crude oil price outlook: http://www.focus-economics.com/commodities/energy/brent-crude-oil
WTI crude oil price outlook: http://www.focus-economics.com/commodities/energy/wti-crude-oil
https://wn.com/Wti_Vs_Brent_What_Is_The_Difference
WTI Crude Oil and Natural Gas Forecast August 17, 2017
- Order:
- Duration: 1:11
- Updated: 16 Aug 2017
- views: 220
The WTI Crude Oil market fell significantly during the day on Wednesday, breaking down below the bottom of the hammer from the previous session. By doing so, it looks as if we are going to continue to see bearish pressure, and that the market will more than likely go back towards the bottom of the overall consolidation. Because of this, I’m a seller of short-term rallies, and believe that the market will continue to find a significant amount of bearish pressure. Ultimately, one thing that I cannot help but notice is that the US dollar lost a significant amount of value during the day, but at the same time oil fell. That shows just how weak the crude oil market is. With that in mind, I don’t see any reason why this market will go looking towards the $42.50 level.
for more analysis: http://www.dailyforex.com
https://wn.com/Wti_Crude_Oil_And_Natural_Gas_Forecast_August_17,_2017
WTI Crude Oil and Natural Gas Forecast July 14, 2017
- Order:
- Duration: 1:14
- Updated: 13 Jul 2017
- views: 140
The WTI Crude Oil market rallied on Thursday, after initially dipping down towards the $45 level. We bounced enough to reach above the $46 level, and I think that any rally at this point is going to start running into a significant resistance. The $47 level above should be a bit of a ceiling, so I’m looking for and exhaustive candle to start selling. If we break down below the $45 level, I think the market will drop to the $43.50 level then. I believe that there is still a significant amount of bearish pressure longer-term on this market, but we are starting to see a bit short covering so we could continue to be very volatile. Until we break above the $47 level, I don’t have any interest in buying this market.
for more analysis: http://www.dailyforex.com
https://wn.com/Wti_Crude_Oil_And_Natural_Gas_Forecast_July_14,_2017
Crude Oil Prices: Trading Brent & WTI Futures | Closing the Gap: Futures Edition
- Order:
- Duration: 16:12
- Updated: 03 Feb 2017
- views: 1157
As the two benchmark products for Crude Oil, WTI (/CL) and Brent (/BZ) are highly correlated to one another. But in times of price increases in Crude Oil, Brent tends to outperform WTI, thereby widening the spread between the two products. Today, tastytrade presents a Futures pairs trade that capitalizes on this movement, Buying /BZ and Selling /CL. Watch this segment to learn the ratio between these two commodity products, the historical spread between them and what a futures trader can reasonably expect in terms of managing this position.
See more videos from the Closing the Gap: Futures Edition Series: http://ow.ly/1b9v308EH3F
The gap between the self-directed and institutional trader in the world of Futures gets closer as Tom and Tony go head-to-head with one of the Futures market industry's best institutional traders. We bring professional strategies to individual investors.
You can watch a new Closing the Gap: Futures Edition episode live and check out all previous episodes everyday at http://ow.ly/EoyGW!
======== tastytrade.com ========
Hosted by Tom Sosnoff and Tony Battista, tastytrade is a real financial network with 8 hours of live programming five days a week during market hours. From pop culture to advanced investment strategies, tastytrade has a broad spectrum of content for viewers of all kinds! Tune in and learn how to trade options successfully and make the most of your investments! Watch tastytrade LIVE daily Monday-Friday 7am-3:30pmCT: http://ow.ly/EbzUU
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https://wn.com/Crude_Oil_Prices_Trading_Brent_Wti_Futures_|_Closing_The_Gap_Futures_Edition
WTI Crude Oil and Natural Gas Forecast August 15, 2017
- Order:
- Duration: 1:15
- Updated: 14 Aug 2017
- views: 208
The WTI Crude Oil market initially tried to rally during the session on Monday, but fell rather precipitously, breaking through the bottom of a hammer from the Friday session. That being the case, the market looks as if it is going to go down to the $47 level. A breakdown below there should send this market to the $45.50 level as well. This market seems to be rolling over as we have seen more than once, and I think that the downward channel may be continuing yet again. If we broke above the $50 level, that would of course be a very bullish sign and could turn everything around. Ultimately, I believe that the market should continue to be bearish and therefore I look at short-term rallies that show signs of exhaustion as a nice opportunity to start shorting again.
for more analysis: http://www.dailyforex.com
https://wn.com/Wti_Crude_Oil_And_Natural_Gas_Forecast_August_15,_2017
WTI Crude Oil and Natural Gas Forecast June 19, 2017
- Order:
- Duration: 1:01
- Updated: 18 Jun 2017
- views: 205
The WTI Crude Oil market bounced during the session on Friday, reaching towards the $45 level above. That is a level that has a certain amount of psychological significance obviously, as it was supportive in the past and of course it’s a large, round, psychologically significant number. If we rally from here, the market will continue to find sellers above, somewhere near the $47 level. An exhaustive candle is exactly what I’m looking forward to start selling, as the market is most certainly bearish in general. I don’t see any reason to try to return to the bullish side of this trade, as it is so bearish in general. Any bounce at this point must be look at as a nice selling opportunity.
for more analysis: http://www.dailyforex.com
https://wn.com/Wti_Crude_Oil_And_Natural_Gas_Forecast_June_19,_2017
WTI Crude Oil and Natural Gas Forecast August 16, 2017
- Order:
- Duration: 1:14
- Updated: 15 Aug 2017
- views: 71
The WTI Crude Oil market initially fell on Tuesday again, but found enough support underneath the $47 level to turn around and form a hammer. This makes a significant candle for the day, but I recognize that the Crude Oil Inventories announcement comes out today, and that could either confirm this hammer is a bullish sign, or negated, which would be a very negative sign. Because of this, I’m waiting until the market breaks one of those ends of the candle and simply following. I will not take this trade until after the announcement though, because it of course can change the overall attitude. Longer-term, I remain bearish but I recognize that a bounce back to the $50 level wouldn’t necessarily be out of the ordinary.
for more analysis: http://www.dailyforex.com
https://wn.com/Wti_Crude_Oil_And_Natural_Gas_Forecast_August_16,_2017
WTI Crude Oil and Natural Gas Forecast June 23, 2017
- Order:
- Duration: 1:00
- Updated: 22 Jun 2017
- views: 222
The WTI Crude Oil market bounced during the day on Thursday, but continues to find resistance near the $43.50 level. Ultimately, this is a market that has a significant amount of bearish pressure on it, and I believe that we are going to reach towards the $42 level underneath. A break above the $43.50 level should send this market looking for the $45 level. I have no interest whatsoever in buying this market, because quite frankly the oversupply issue continues to haunt the market. Once we break down below the $42 level, the market should then go down to the $40 level which is a longer-term support level. Either way, expect a lot of volatility because of the massive pressure that we see in the market. I prefer to sell rallies as it gives us an opportunity to build up momentum.
for more analysis: http://www.dailyforex.com
https://wn.com/Wti_Crude_Oil_And_Natural_Gas_Forecast_June_23,_2017
