Natural gas markets have fallen a bit during the trading session on Tuesday, slicing through the $2.30 level.
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The crude oil markets have had a rough go over the last couple of weeks, after initially spiking higher due to the drone attack in Saudi Arabia.
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West Texas Intermediate Crude Oil broke down significantly during the trading session on Friday
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The West Texas Intermediate Crude Oil market initially fell during the trading session on Thursday but has seen a bit of a bounce to form a hammer yet again as it did during the previous session.
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Natural gas markets initially tried to rally during the trading session on Thursday but broke down rather significantly after a larger than expected inventory number out of the United States.
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The West Texas Crude oil market gap lower to kick off the trading session on Wednesday, but then reached down to fill the gap that started with the drone attack on the Saudi oil fields.
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Natural gas markets initially pulled back during the trading session on Wednesday, breaking below the $2.50 level.
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The West Texas Intermediate Crude Oil market has fallen during trading on Tuesday, breaking below the $57.50 level.
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Natural gas markets initially rallied during the trading session on Tuesday but found enough resistance above the turn things back around near the $2.60 level.
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The West Texas Intermediate Crude market initially gapped higher to kick off the week but then slammed through the 200 day EMA to show signs of weakness
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Natural gas markets fell initially during trading on Monday to kick off the week but ended up finding a bit of support at the $2.50 level which is a large, round, psychologically significant figure.
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The West Texas Intermediate Crude Oil market has initially tried to rally during the trading session on Friday, but as we have seen more than once over the last couple of days, the sellers came back in and pushed lower.
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The natural gas markets went back and forth during the trading session on Friday, testing the significant $2.50 level.
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The West Texas Intermediate Crude Oil market initially tried to rally during the trading session on Thursday but failed and gave up all of the gains.
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Natural gas markets tanked a bit during the trading session on Thursday after a bearish inventory number came out.
Technical Analysis