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WTI Crude Oil and Natural Gas Forecast August 14, 2017

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The WTI Crude Oil market initially fell during the day on Friday, but turned around to form a hammer. The hammer of course is a very bullish sign, and a break above the top of the candle should send this market towards the $50 handle. This is a market that continues to see quite a bit of volatility, and as a result I think that we will probably chop around quite a bit. However, I think that the market should continue to offer short-term range bound trading. If we break above the $50.50 level, the market should continue to go much higher. However, if we break down below the bottom of the hammer, then the market should break down significantly. Quite a bit of volatility could be a factor in this market going forward.for more analysis: http://www.dailyforex.com

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oil natural gas energies forex commodities futures
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