Crude Oil Markets Forecast – Below $52 Sell 500 – 1000 Lots And Relaxx – Neal Bhai Reports

Crude Oil Markets Forecast – Below $52 Sell 500 – 1000 Lots And Relaxx – Neal Bhai Reports

Crude Oil Target Price – $50 — $48

The WTI Crude Oil market has gone back and forth during trading on Tuesday which of course makes quite a bit of sense as we are oversold.

I would anticipate that there will probably be some value hunters here, but at this point I am much more comfortable fading rallies that show signs of exhaustion.

If we can reach the $55 level I believe that there will be plenty of sellers in that area. Otherwise, we will probably reach down towards the $50 level underneath which is massive in its structural and of course psychological importance.