CLG10 – March Crude (Last:)

February Crude pushed passed a midpoint resistance at 79.02 on the weekly chart so easily that there should be little doubt as to whether it will achieve the ‘D’ target associated with that number at 87.20. Oil pushing toward $90 would have been seen as a major economic threat in bygone days, but we seem to have gotten so used to $70-$80 oil that perhaps it will barely provoke a discussion.