We're Still Keeping a Very Close Eye on Crude Oil
- The stock market has seen a mild rise…in a pretty inactive week so far this week. Much of this has to due with the lack of big economic data reports…and a smaller number of earnings reports. However, this could/should all change next week.
- WTI crude oil has seen some positive developments since we highlighted it as being quite oversold two days ago. It has bounced off a key support level and given us an “outside up” day. Therefore, if it can rally any further…and take-out an important resistance level…it should run quite nicely…very soon.
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