By CommoditiesMansion.com
Light Sweet Crude
The CL formed a doji today, and appears that it wants to continue its recent sideways move. The $108 is going to be printed before we get another clear bullish signal in this commodity. A break down will find support at the $100 and $95 areas as well. The CL is a completely neutral market at the moment.
Brent
Brent has been even less interesting over the last week and a half than CL. Until this market reaches $118, there is almost no way to trade it long, and there are several support areas below, including the $112.50 area, and the $107.50 area. It appears that we are waiting for the move to come. However, it should be noted that the market has been staying at elevated levels – normally a hint at underlying bullishness.
Originally posted here
