WTI Crude Oil Looking Weaker to the Downside
Crude oil prices remain weak, although price action is somewhat on a stronger note.
The commodity is slightly up 1.5% on the day. However, briefly, prices tested the 22.00 level.
But, failure to breakout above this level is keeping the downside open.
For the moment, prices have hit a bottom near 19.25. If this level fails to the downside, we expect a move even lower.