The West Texas Intermediate Crude Oil market did very little during the trading session on Friday, but despite the fact that we had no real range for the day, the reality is that the market was willing to sit at these elevated levels after the last three bullish sessions. This tells me that traders were willing to hang on to their positions heading into the weekend, which is a sign of confidence. Nonetheless, there is a significant amount of noise just above, so be cautious about putting too much money into the market right away. I think we need to stabilize at the very least and hang on to the $70 level in order to ... (full story)