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WTI Crude Oil and Natural Gas Forecast September 4, 2017

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The WTI Crude Oil market initially fell during the day on Friday, but turned around to form a hammer. This is a very bullish sign, and I would also point out that the weekly candle is a hammer. That tells me that there is plenty of buying pressure underneath, and I think that at least in the short run, the market should continue to go higher. It’s going to be choppy, and it’s not to be easy to hang on to the trade, but I think we will probably go looking towards the $50 level above. I suspect that there is quite a bit of resistance in that area, so it would not surprise me at all to see the market turn right back around at that level.for more analysis: http://www.dailyforex.com

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oil wti crude oil natural gas futures energy commodities
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