The chart says last week’s high at 93.14 is about as high as crude prices are going to rise over the near term. There is just a little more room to the upside, with a theoretical ‘cap’ at 94.04. Does this portend an end shortly to the Mideast war and an easing of energy prices? If the chart is right, it’s difficult to imagine another outcome. However, I’ll allow for one alternative scenario nonetheless: a head-fake to 99.34. That’s a midpoint HP resistance culled from a continuous weekly chart, and although its resistance will not likely work out precisely to-the-penny, it is good enough for government work. If, heaven forbid, the futures were to break out above that number, it would open up a path to as high as 115.48, or even 131.63