Published on 7 Jun 2016
The WTI Crude Oil market broke higher during the course of the session on Tuesday, clearing the $50 level. By closing at the top of the range, it looks like the market should continue to go higher. After all, the $50 level is of course a large, round, psychologically significant barrier. Also, is an area that we have been fighting with for some time, and with that being the case I believe that it’s a sign we will continue to go much higher.