The WTI Crude Oil market continues to show significant strength, so having said that it looks like the buyers are still very much in control in this market. However, we are getting a bit overbought at this point so I’m going to wait for some type of pullback to start buying. The $52 level could be an excellent buying opportunity, and I think at this point were going to reach towards the $55 level. Short-term pullbacks can be buying opportunities as well if you are nimble enough, but right now I would prefer to see a significant pullback just so that we can build up momentum yet again. It’s not to be easy, but I believe that we are going to go higher over the longer term.
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