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The light sweet crude market fell during most of the week as we pierced and broke down below the $90 level. This area was very supportive at one point in time, and it is a little bit surprising that it didn't hold a little bit more stringently than it did. However, we see the $88 level as being the bottom of that massive support zone, and it has not been broken yet.
Looking at the chart, it seems that we are still looking at possibly bouncing up to the $100 level, but we will more than likely see a bit of a grind in the meantime. On a move above the $90 level, we think that this market will return to the $100 level before it's all said and done. As for selling oil, we simply will not do it right now as there are far too many minor support areas between here and the major support area at the $80 level.