Crude spent the week head-butting the 88.11 target shown. I’m not a big believer in rallies driven by artificial constraints on supply, but our enemies have shown enough persistence and cohesiveness to suggest they can hurt America economically. Pump price are pushing above $4 for regular gas, amounting to another stab in the eye for Wall Street shills who as recently as two weeks ago were talking about, not a soft landing, but about no landing. So much for bullish spin, even if Americans seem to have an inexhaustible supply of surplus dollars to foot the bill for rising energy costs that will push up prices for nearly everything Above 88.11, this pattern, with a 98.84 target will be well in play.
CLV23 – October Crude (Last:87.51)
