CLH11 – March Crude (Last:86.80)

March Crude (CLH11) price chart with targetsA 96.88 rally target that I first proffered a while ago is still valid, even if we’ve grown tired of waiting for it to play out.  In the meantime, we shouldn’t overlook the very compelling trendline shown in the chart. It puts support today at around 85.77 on a slope that is rising a rate of about 0.075 points per day.