By FXEmpire.com
The light sweet crude markets had a positive session on Tuesday, and even broke above the recent highs. We did see a little bit of a give back at the $95 level, and this was something that we talked about yesterday. This possibility did come true, but it does look like we are more than willing to continue to push higher. In fact, in a lot of ways a little bit of a pullback at this point in time could simply provide us a buying opportunity. As long as we stay above $90 – we are willing to buy on signs of support.
As for selling, we simply do not see the scenario in which we want to do it right now. Looking at the charts, it seems that we would have to break under the $84 level to even consider it. However, having said that – we believe that the upside is capped at the $100 level.
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Originally posted here
