By FXEmpire.com
The Light Sweet Crude market fell hard on Monday as the “risk off” trade continues. The candle for the daily session is miserable, and looks as if the market is ready to continue falling. However, the $80 level below should be considerable support and it should cause a bit of a reaction. The breaking below of this level and a close on the daily chart under it would be a massively negative sign and have the bears out in full force. It is our opinion that this will eventually happen, but we are waiting for our trigger in which to sell.
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Originally posted here
