West Texas Oil

Time to test the ceiling

50
Breaking through the 49.5 floor and in to new territory. It is time to test the new ceiling of 49.5

WTI has shown room to shave off a few more cents down to around ~$44.37. Then a return to the ceiling to validate it.

A soft ceiling means high prices are possible. A solid ceiling will indicate a return to our bear oil market.


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