WTI Crude Light Futures remain bullish settling higher in terms of building value at higher prices above the £100 Area.
The market has shown itself to remain firm above the 100.00-102.00 support zone.
The recent consolidation above the 100.00 mark suggests that the market has started to accept these higher values for the year and now looks to break out higher Technically .
Bulls will now try to capitalize on recent gains having run price into the high prints of 108.25 on the front month contract last Friday .
Freshly Squeezed View
Strategy – Patiently waiting for pull-backs for buying opportunities .