Thursday, May 26, 2016
WTI Crude Oil and Natural Gas Forecast - May 26, 2016: DailyForex
Published on 26 May 2016
The WTI Crude Oil market initially fell during the day on Wednesday, but you can see turned right back around during the US session to show bullishness as we ended up forming a hammer at the top of this move higher. We are sitting just below the vital $50 level, which of course can find quite a bit of psychological resistance. The fact that we did up forming a hammer though tells me that the buyers are becoming more and more aggressive, and as a result we should break above there given enough time.