- The West Texas Intermediate Crude Oil market initially tried to rally on Tuesday but gave back gains as we got a little bit too close to the $100 level.
- The market is also far too close to the 200-day EMA, so it’s likely to see a lot of noisy behavior.
- We have the Federal Reserve meeting on Wednesday that is going to have a major influence on where we go next when it comes to risk appetite, so we need to pay close attention to how the market behaves the van.
WTI Crude Oil Forecast: Showing Signs of Hesitation
