WTI Crude Oil Forecast: Gets Slammed

The market will continue to be very noisy, but as you can see on the ATR, volatility has been dropping and the ranges have been shrinking overall as we continue to drift lower. 

The West Texas Intermediate Crude Oil market has slammed lower during the trading session, losing almost 5%. At this point, the $85 level is being threatened, and if we can break down below it, it’s likely that we could go down to the $80 level. There are a lot of concerns out there when it comes to demand, and that continues to be the one thing that people pay the most attention to.

Steve Walker

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