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Natural Gas ETF
 
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Views: 255 WyattResearchTV
WTI Crude Oil and Natural Gas Forecast May 15, 2017
 
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The WTI Crude Oil market initially fell on Friday, but then turned around to form a bit of a hammer. We are sitting right underneath a cluster of noise at the $48 level, and I believe that this was the first signs of the market struggling. Because of this, I look at this chart and see that there could be some short-term bullishness, but I believe it’s only a matter of time before the sellers come back into play. The 200-exponential moving average is just above, so some type of exhaustive candle between here and there would be a nice selling opportunity short-term traders have a little bit of room to move here, but if you have a longer-term trade in mind, you may have to be patient and wait a couple of sessions to get your trade. for more analysis: http://www.dailyforex.com
Views: 253 DailyForex