Written by GaryMinutes before the closing bell the markets slid down near the session lows to end up minus -1.2%.DOW down 189, Spooz down 1.3% and the Nadaq down 1.5%. WTI crude settled in the high 31’s, down 4%, the US dollar settled in the mid 97’s and ended slightly higher at 1225. Market direction tomorrow may be down if the Cushing inventories come in higher tomorrow. Low volume levels while trying to penetrate the resistance of the major indexes does not bode well for the bulls.

Source: 23Feb2016 Market Close: US Averages End Session Lower Unable To Push Through Resistance, Gold Ends Fractionally Higher; The Oil Verbal Wars Continue