Quotes are headed to at least 101.88, but more likely to the maxed out D target at 107.63 shown in the chart. We’ve been using a 105.08 target that was based on the March contract to keep us comfortably in step with crude’s sensationally steep rise, but switching to the April futures has revealed a pattern of greater clarity. The $100 mark is of course psychologically important, but it also raises the prospect of a global economy dependent on cheap energy collapsing under the staggering load of even marginally higher prices. Will the inevitable price reversal be the catalyst for the catastrophic deflation that central banks have struggled for decades to avoid? That would be my guess. Whatever is coming, we’ll stay disinterestedly focused on the two targets given above to get a sense of whether prices could conceivably rise to as high as $200 a barrel, as at least one noted forecaster has been predicting.