WTI Crude Oil - Long Above Key Support Level

4 Eki 2019

WTI Crude oil has been dropping but we do believe there is upside potential as long as the market is above the key support level at $50.55. This is due to the possibility that tensions in the Middle East worsen and there is a recovery in the global economy as payrolls today came in at 136K vs 145K expected whilst the August number was revised upwards by 38K.