Crude Oil Price Report October 26, 2017

Crude Oil

Gold Silver Reports – The WTI Crude Oil market broke down significantly during the day on Wednesday, testing the $52.50 level IV resistance, and then rolling over. This is also in reaction to a larger than anticipated inventory build, as it shows we continue to struggle to burn off the massive oversupply of crude. I think if we can break down below the $51.50 level, the market could drop significantly.

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