Wednesday, April 15, 2015

UPDATED--Yikes! Oil Is Again At the Top Of The Recent Trading Range

Update: "WTI oil futures rally to 4-month high after bullish supply data"

Original post:

This is the sixth time this year the price has gotten to ~$54 and stopped.
One of these days we'll get to the top of the channel, position for the downmove  and, in the words of market strategist Jennifer Anniston: "That's a risky little game".*

But for now $54.16 up 87 cents off the day's high of $54.42
http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/04/20150415_crude.jpg

*
-Friends, Season 8 episode 3
airdate 27 September 2001,
dedicated to The People of New York City