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WTI Crude Oil and Natural Gas Forecast September 8, 2017

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The WTI Crude Oil market fell during most of the session on Thursday, but found enough support at the $48.50 level to turn around and form a hammer. Ultimately, it looks as if we are going to continue to try to go towards the $50 handle, as hurricane Irma is going to continue to be on the minds of traders. We don’t know where it’s going to go yet, and depending on where it lands, this will dictate where the WTI market goes. Because of this, I believe that if you buy at this level you are chasing the trade. I suspect that if we get an exhaust a daily candle, especially near the $50 level, that’s a nice selling opportunity. This is a very dangerous market.for more analysis: http://www.dailyforex.com

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natural gas oil wti oil crude oil commodities futures energy
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