April Crude broke above $105 and cleared out all the short stops and remains in the $108-$109 price area spinning its wheels now. Typical price action should see price come back to the $105 or even the 103 area for a test of the breakout point before rallying again. There is very little price resistance from $105 all the way to $114. See price action last May.
Note Gasoline continues to rally strongly outperforming Crude. Gasoline on the Canadian West Coast is presently around the $5.00 per U.S. gallon now and rising. So if you are paying less than that "STOP YOUR BITCHING"!!!!!!!!!!!!! (Yes I just filled up my Jeep Grand Cherokee this morning and the pump automatically shut off when the price amount hits $100 even though the tank is not filled) ###@#@#@&^@##@###@#@#!!
