my two cents. we have several scenarios that can play out that are all dependent on the next significant event that will affect all markets, the 2 trillion dollar rescue package. doesn't look like it will be sorted until the end of the week. so i think wti will continue in this range/holding pattern until then. we may either stay closer to the top side of the range or keep bouncing from side to side until everything is sorted and approved. one thing i do not believe will happen this week is that $23.00 will be broken, there seem to be some serious bulls buying up (loading longs) anything below that. with that being said i'm heavily leaning towards the "long" side and would love to see wti nearer to $30 by the end of the week. just my 2 cents and ofcourse i can be proven wrong in the blink of an eye
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