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WTI Crude Oil and Natural Gas Forecast June 26, 2017

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The US dollar went sideways during the day on Friday, as we continue to grind back and forth. I believe that the 111 level continues to offer significant support. If we can break down below the 111 level however, I think the market could probably go looking towards the 110 level. That’s an area that will be even more supportive as it is the 50% Fibonacci retracement level. I think that buying on dips will continue to be the way to go going forward. If we can break to the upside, the 112.50 level is the next target. A break above there should send the market towards the 114 handle. Ultimately, this is a market that is very sensitive, so if stock markets rally, that should put a little bit of a charge in this market as well.for more analysis: http://www.dailyforex.com

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Oil WTI Crude Oil Natural Gas Commodities Futures Energies
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