What is the Most Important Level to Watch on WTI Crude Oil?

A move above one key level will be extremely important for crude oil

• The focus will move to the Fed today, but the situation in the Middle East will likely be the most important issue as we officially move into the summer months going forward.

• WTI crude oil is breaking through some important resistance levels. However, there is one level that is even more important…and any meaningful break above that level will be extremely (more) bullish for the energy stocks.