By FXEmpire.com
The Light Sweet Crude market failed at rallying for the Monday session as the Americans were on holiday. The lack of volume still didn’t make the markets thin enough for the buyers to take over, and the end result was a shooting star in this market. The $90 level still looks as if it is going to be crucial for the sellers to break through in order to have their way. The $94 and $96 levels also look very resistive, and as a result we don’t like buying this contract at the moment. On a close sub-$90, we are sellers.
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Originally posted here
