The West Texas Intermediate Crude Oil market has acted a bit sluggish during the trading session on Thursday, but quite frankly that is not a huge surprise considering just how parabolic we have been as of late. That being said, the market is sitting just below the $82.50 level, and probably keeping a close eye on that $85 level above, an area that had been resistance and of course is a large, round, psychologically “midcentury” level. I anticipate that this market is probably going to pull back a bit, but at the end of the day I do not think this is a selling opportunity. Rather, I believe that this is a market that ... (full story)