Brent looks very much the same with $84.50 offer and significant support. In this market, we also have the Golden Cross, but I think at this point, it is a buy on the dip market much like all crude oil, and we will eventually go looking to the $90 level sometime this summer.

The market has recently broken out from a major bottoming pattern, and it looks very strong. There’s no need or no idea on my part to short this market. Every time it pulls back, I look at it as a nice buying opportunity, and we’ll continue to trade it this way for the remainder of the next season or two. With that being the case, it’s a buy on the dip market, and it should continue to see strength.

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