By FXEmpire.com
The Light Sweet Crude markets initially tried to rally again on Thursday as the world waited to hear Ben Bernanke espouse the virtues of further easing in front of Congress, only to be disappointed. The candle is the second shooting star in a row now, and it looks as if oil prices are going lower at this point. In this scenario, there are two possible trades – the aggressive one where you short now, or the one where you wait until the $80 level is broken to the downside to sell. There is no buying oil at the moment.
Click here a current Crude Oil Chart.
Originally posted here
