March Crude/Breaking Out *PIC*

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Nice nose poke through $95 price resistance! If price can hold above $95 next stop is $102 without a lot of resistance up to that price point. This price breakout is impressive but is also the Fib 61.8% retracement point of the Sept to Nov selloff as well. And momentum is weakening. Price must hold above $95 AND stay there to be valid. Long term seasonal trends do show Crude bottoming in mid Dec and rallying overall right into summer/fall historically. So far right on track.

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March Crude/Breaking Out *PIC*

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