If we break below the bottom of the candle, it is likely that we could drop to the $72.50 level and then possibly the $70 level.
- The West Texas Intermediate Crude Oil Market basically hanging by a thread as we broke a key support level but then flipped later in the day to form a minor hammer.
- There have been multiple attempts to collapse and the market continues to push higher.
- We have a lot of concerns out there that one…