By FXEmpire.com
The Light Sweet Crude markets rose during the session on Thursday as the risk profile was a bit stronger in general. The market is still in the $102 to $105 consolidation area, so we are cautious about reading too much into the positive move. In fact, the market seems a bit too tight for any real trading, as the range is not only short, but it is choppy as well. Because of this, we are waiting to see a breakout above the $105 level on a daily close in order to go long. As for selling, we wouldn’t consider it until the market falls below the $95 level.
Originally posted here
