The WTI Crude Oil market broke down significantly during the trading session on Monday again, as there seems to be a lot of concern out there about whether or not the global growth will slow down due to the situation in China, and quite frankly the lack of demand for crude oil in general. With that being the case, it should be noted that we are at extreme lows and a bounce makes quite a bit of sense as there is significant support from the $50 level that extends to the $52.50 level. At this point, the market could very easily break towards the $55 level where it would pick up more selling pressure
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