With US crude inventories remaining high and the price of west Texas oil
is testing the upper trendline
of a triangle on the daily chart
there may be a buying opportunity. There are a number of economic reports being released today that may support a long trade.
Retail sales m/m previous 0.9% expected 0.0%
Core Retail Sales m/m previous 1.3% expected 0.3%
m/m previous 0.4% expected 0.2%
m/m previous 0.3% expected 0.0%