By FXEmpire.com
Light sweet crude markets had a very strong session on Friday after the better than expected jobs report out of the United States had everybody feeling good. The market managed to jump back over the 90 handle, and as such it looks like that the market wants to run to the $95 level. If we can get above the $95 level I see no reason why we will eventually hit the $100 area.
As for selling this market, we see no feasible way to do that in till we get below the $84 level. Recently far too much support right around 85, and as such we expected to go higher overall. We will be buying pullbacks in the short term trade, get rid of are longs as we approach the $100 level.
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Originally posted here
