Daily Bars Chart Prepared by Jamie Saettele, CMT Commodity Analysis : “Viewed in light of the 3 wave advance from 1672.50, the trend is lower.” Friday’s JS Spike right at mentioned
The price action on Wall Street was disheartening for the bulls on Wednesday. Despite extremely dovish commentary from the Federal Reserve in its FOMC statement from the Decemeber meeting,
Oil pared gains after U.S. inventories unexpectedly increased last week and gasoline supplies climbed more than twice as much as forecast, Bloomberg reported. Stockpiles of crude rose 843,000 in