By CommoditiesMansion.com
Light Sweet Crude
The CL had a massively bullish day today as traders pushed the market higher by over $2a barrel. Because of this, we find ourselves approaching the $108 level, which is what is keeping the market down at the moment. With the Non-Farm Payroll coming in the morning, it will be difficult to take a position ahead of that announcement.
Brent
Brent mirrored the CL again today, testing the highs as well. The market is currently trying to overtake the $118 level, and if it can would drive much higher. Until the NFP report comes out – you cannot enter this market. A bullish report could send this market higher.
Originally posted here
