Crude Shows Signs of Firming

I'm not ready to buy yet, but today's chart shows signs of finding support. A doji, which we see on the daily chart (not shown), favors the existing trend, which is currently bearish. Goldman's call for Brent to fall to $105 could yet drive WTI crude oil down to a price level of $90-93, which would put oil at about the price levels of mid-February.