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WTI Crude Oil and Natural Gas Forecast April 26, 2017

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The WTI Crude Oil market fell initially during the day on Tuesday, but found enough support at the $49 level to turn around and form a hammer. The hammer is sitting right at the 200-day exponential moving average, so that of course is a bullish sign as well. However, we get the crude Oil Inventories announcement coming out during the session, and that will of course offer quite a bit of volatility to this market. I believe that as long as we stay below the $50 level, there’s a good chance that we sell off again. A breakdown below the bottom of the hammer would also be very negative, sending the market down to the $47.20 level underneath.for more analysis: http://www.dailyforex.com

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Oil Natural Gas Commodities Futures Indeices Currencies
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