Energy Prospectus

WTI moved higher in Asian markets after markets closed in the U.S. Today's reason for oil moving lower is fears of the Fed raising interest rates. Oil traders are worried this will strengthen the U.S. dollar, which is bearish for oil. However, the Fed will only raise interest rates if they believe the U.S. economy is strong enough to handle it. A strong U.S. economy is bullish for oil demand.

http://www.investing.com/news/commoditi ... ght-363631

Supply / Demand fundamentals always win the battle eventually.

Strong Support at $44

Strong Resistance at $47

We need a close above $48 before WTI can move higher