The West Texas Intermediate Crude Oil market has rallied a bit on Friday as we closed out the week, after testing the 200-Week EMA at the $75 level. All things being equal, this is the market that I think does have a real shot at turning around and showing signs of consolidation. If we were to break above the 50-Week EMA, then it’s possible that the market could go higher. On the other hand, if we break down below the $75 level, the market could drop down to $72.50 in that move. {chart} The NASDAQ 100 rallied rather significantly during the week, breaking out significant resistance late in the week after seeing quite ... (full story)