The WTI Crude Oil market fell during the course of the week, testing the $49 level. At this point, looks as if there should be plenty of support, so it’s likely that we will continue to go higher. However, if we break down below the $49 level, it’s likely that we will reach towards the $44 level underneath. There’s a lot of headlines out there that can move this market, not the least of which is the recent oil production cuts coming out of OPEC and other non-OPEC countries, but at the end of the day there isn’t much in the way of demand so a breakdown wouldn’t necessarily be unheard of. On the other hand, if we break out to the upside we should then reach towards the $60 level. Regardless, expect a lot of volatility