By FXEmpire.com
The Light Sweet Crude markets had yet another negative day on Thursday as the demand question is still out there. The markets are trying to figure out where industrial demand will be, and the problems in Europe continue to have demand for the Dollar drive it higher. As the Dollar gains, quite often the oil market fall in reaction.
However, looking at the last couple of sessions, it appears that the market is trying to find some kind of support around the $92 level. With this in mind, we are much more comfortable selling this market at a higher level – just after the bounce. Until then, we are steady and patient.
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Originally posted here
