By FXEmpire.com
The Light Sweet Crude markets had a fairly flat session on Thursday as the market took a breather. However, the fact that it is just sitting at this low level suggests that the buyers simply aren’t stepping into the markets, which should be disconcerting for the bullish traders out there. With the Iranians suddenly acting like they are willing to talk with the West about the nuclear program, there is a real chance that some of the fear bid could come out of this market. A solid daily break and close below the $90 level has us selling as we head towards the $80 level.
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Originally posted here
