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WTI Crude Oil and Natural Gas Forecast February 8, 2017

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Crude markets fell on Tuesday, and the WTI grade of course was no different. Today we get the Crude Oil Inventories announcement, and that will certainly have an influence on this market. As I record this, we are touching the 50-day exponential moving average, which of course offers dynamic support. I believe that there is support all the way down to the $50 level, but the fact that we broke down below the $52.50 level tells me that there is a good chance that the sellers will continue to jump into this market. We are expecting an inventory build, so that of course will work against the value of oil in general. If we do bounce from here, the market will probably run into a significant amount of resistance at the $54 level.For more daily news and technical analysis visit: http://www.dailyforex.com

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Forex Analysis Forex Technical Analysis Trading Forex News Crude Oil Natural Gas Commodities WTI rude savage cheap raw clumsy coarse lewd crass gross rough foul dirty earthy filthy loud oafish smutty tacky grody polite kind moral planned stilted refined clean decent pure nice smooth gentle formal harsh simple rustic green thick callow impure soft blunt brusque crude crusty curt direct discourteous gruff impetuous impolite matter-of-fact short snappy snippy uncivil ungracious guileless inexperienced infant jejune jellybean juvenile kid low tech naive not dry behind ears puerile sophomore tenderfoot unbaked unfledged unripe unsophisticated untrained untried young base cantankerous cloddish clodhopping crabbed cussed dour grouchy grumpy ill-tempered loutish lowbred mean miserly morose ornery sullen surly touchy ugly uncivilized uncultured unmannerly unneighborly unpolished unsociable vulgar all thumbs blundering blunderous bulky bumbling bungling butterfingered clownish elephantine gauche gawkish gawky graceless ham-handed heavy heavy-handed helpless hulking ill-shaped incompetent inelegant inept inexpert lubberly lumbering lumpish maladroit ponderous splay stumbling unable unadept uncoordinated uncouth undexterous uneasy ungainly unhandy unskillful untactful untalented untoward unwieldy weedy bawdy blue boorish brutish common foul-mouthed immodest improper incult indelicate low lowdown and dirty nasty obscene off-color offensive raffish raunchy ribald roughneck scatological uncultivated unrefined vulgarian chapped coarse-grained grainy granular homespun inferior loose lumpy mediocre particulate poor quality rough-hewn rugged unfinished unprocessed unpurified abrupt churlish Crude coat lard lube dry ale amber brew barley pop brew brewski brown bottle chill cold coffee cold one hops lager malt malt liquor oil stout suds a line adulation baloney blandishment cajolery coaxing compliments exaggeration eyewash fawning honey incense ingratiation inveiglement overpraise soft soap soft words sweet talk wheedling apple polish argue into banter beguile blandish bootlick brownnose build up butter up con crowd deceive decoy delude dupe entice entrap get around get next to hand a line induce influence inveigle jolly lay it on thick lure make up to maneuver massage mislead play up to push rub the right way seduce snow soap soft-soap soften spread it on stroke suck up to sweet-talk sweeten up tantalize tempt urge wheedle work on work over art artwork picture piece portrait still life watercolor balm cream lenitive liniment moisturizer ointment salve soothing agent unguent ability ableness adroitness aptness cleverness command competence craft cunning deftness dexterity dodge facility finesse goods ingeniousness judgment knack know-how line makings one's thing prowess readiness savvy sharpness skill skillfulness stuff beer blarney cajole canvas emollient expertise O.I.L. Oil also moreover additionally again along along with and as well as well as besides conjointly further furthermore in conjunction with in like manner including likewise more more than that on top of over and above plus still to boot together with too withal added aggrandized amassed another augmented bounteous deeper else enhanced exceeding expanded extended extra farther fresh heavier higher in addition increased innumerable larger major massed new numerous other spare supplementary too many wider And? AND innate logical ordinary usual common constant probable familiar general regular uniform native habitual inborn inherent typical typic natal unusual rare foreign fixed refined real simple genuine easy frank rustic plain artless candid direct folksy homey naive sincere modern false complex raw pure wild crude whole gentle formal agricultural natural peasant rural uncultivated undomesticated beastly bestial bodily brute brutish corporeal earthly earthy feral fleshy mammalian muscular physical sensual untamed zoological guileless honest ingenuous innocent open straight straightforward talking turkey true unadorned unaffected uncontrived unpretentious unsophisticated up front autogenetic impulsive instinctive instinctual intuitive involuntary knee-jerk mechanical perfunctory reflex routine spontaneous unconscious unforced unintentional unmeditated unthinking unwilled adulterated baseborn counterfeit fake imperfect impure inferior irregular misbegotten misborn mixed mongrel phony sham spurious suppositious ungenuine actual animal carnal corporal fleshly gross human material normal organic somatic substantial tangible unspiritual agrarian automatic bastard naturals Natural vapor smoke fumes effluvium miasma stream solid analgesic anodyne dope gas hypnotic inhalant narcotic opiate pain-killer shot soporific spinal babble bull session chatter conversation converse gab gossip heart-to-heart hot air jabber palaver prattle rap rap session tête-à-tête visit yak blather chat chitchat twaddle yakking blab cackle clack gabble gibber go on and on jaw natter prate tattle twiddle blow bluster boast caw cock-a-doodle-doo cry flourish gloat glory in gurgle jubilate mouth puff rodomontade squawk strut swagger triumph vaunt whoop abate alleviate anesthetize benumb blunt check chloroform consume cushion damp dampen depress deprive desensitize destroy devitalize dim drown dull etherize exhaust freeze frustrate hush impair incapacitate injure knock out lay out lessen mute numb paralyze put out of order put to sleep quieten reduce repress retard slow smother soften stifle stun stupefy suppress tire tone down unnerve weaken anesthetic crow deaden Gas GAS outlook budget augury guess cast hindsight ignorance foresee portend gauge augur figure gather reason plan divine presage infer surmise doubt begin start forebode forecast forerun foreshow foretell harbinger herald indicate predict signal signify assume await bargain for be afraid conjecture count chickens count on cross the bridge entertain foretaste have a hunch hope for jump the gun look for look forward to plan on prepare for prevision prognosticate promise oneself prophesy see see coming see in the cards suppose visualize wait wait for apprehension awareness foreboding foreseeing foresight forethought inkling intuition preconception premonition prescience presentiment prior knowledge realization adumbrate bespeak bode call it call the shots crystal-ball figure out foreshadow promise psych out read soothsay account add adjust appraise assay cipher consider count determine divide dope out enumerate judge keep tabs measure multiply number rate reckon size up subtract sum take account of tally tot tote up value weigh work out adding arithmetic ciphering computation counting dividing estimate estimation figuring judgment multiplying prediction reckoning subtracting summation totaling announce anticipate anticipation calculate calculation Forecast February february Februaries 2017 Forex convertibility negotiable bills foreign exchange forex search study inquiry test assay unity whole judgment summary finding report opinion outline analysis conclusive test crucial test decisive test definitive test experiment genuineness proof proving ground substantiation sure test test of value trial verification biology cytology diagnosis dissection division embryology etiology examination genetics histology investigation medicine morphology physiology zoology balancing check checking review scrutiny survey view categorization classification detailed list itemization resolution audit checkup control poll rein research allocation alloting allotment apportionment arrangement assignment assortment cataloguing categorizing codification collocation consignment coordination denomination department designation disposal disposition distributing distribution echelon gradation grade grading graduation group grouping kind order ordering ordination organization pigeonholing regulation sizing sorting systematization tabulating taxonomy typecasting acid test anatomy breakdown Analysis Technical Analysis scholarly special abstruse high-tech untechnical automated business factory-made in industry industrialized machine-made manufactured manufacturing mechanical mechanized modern smokestack streamlined technical industrial Technical commerce selling deal exchange industry trade dealings transaction traffic market barter undertaking bargaining game racket sales affairs contracts buying and selling capital and labor commercialism free enterprise industrialism manufacturing merchandising trading across the counter bartering commissary economic financial fiscal for sale in demand in the market marketable mercantile monetary pecuniary popular profit-making profitable retail retailing saleable supplying wholesale wholesaling auctioning chucking clearance conveyance demolishing demolition destroying destruction discarding dispatching dispensation disposition dumping ejection jettison jettisoning junking relegation relinquishment removal riddance sacrifice sale scrapping transfer transference vending administration alloting allotment apportioning apportionment assessment assigning circulating circulation dealing delivery diffusion dispersal disposal disposing dissemination dissipating division dole handing out handling mailing marketing partition partitioning propagation prorating rationing scattering sharing spreading transport transportation buying clientage clientele custom shopping haggling business commercial distribution patronage story word advice account report message data rumor hearsay telegram tidings dispatch telecast scandal leak telling copy cable recital scoop release bulletin exposé lowdown silence truth history admonition advisement advocacy aid bum steer caution charge consultation counsel directions dissuasion encouragement exhortation forewarning guidance help information injunction input instruction judgment lesson news opinion persuasion prescription proposal proposition recommendation steer suggestion teaching telltale tip tip-off two cents' worth view warning word to the wise advertisement briefing broadcast broadcasting communication communiqué disclosure dissemination divulgence edict exposing exposition expression intimation narration notice notification prediction promulgation publication publishing recitation reporting revelation statement announcement break calendar flash handout hot wire item list news flash program skinny the dope what's going down what's happening comment cry grapevine rumble scuttlebutt talk whisper conversation converse declaration directive excerpt goods hot story ideas info inside story intelligence language missive note pipeline poop prophecy précis publicity speech summary translation utterance work buzz intimate intelligence juicy morsel the lowdown dirt NEWS crude oil crude oil fossil fuel fuel gas gasoline kerosene naphtha natural gas petrol petroleum Crude Oil gas fuel crude oil fossil fuel gasoline kerosene naphtha natural gas petrol petroleum goods asset stock thing line ware bolt cargo commodities fabric freight load materials seconds stuff textile vendibles wares accumulation array articles assets assortment backlog cache choice fund hoard inventory nest egg pharmacopoeia produce range reserve reservoir selection stockpile store supply variety barter business buying and selling commercial goods communication communion connection contact dealings exchange intercourse relations trade traffic lines manufactures material product products abundance affluence belongings bounty capital cash clover copiousness cornucopia dough estate fortune funds gold holdings lap of luxury long green lucre luxuriance luxury means opulence pelf plenitude plenty possessions profusion property prosperity prosperousness revenue riches richness security stocks and bonds substance substantiality treasure velvet worth commodity merchandise truck wealth
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