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Posted (edited)

Funny, I was just looking at this. Chart porn incoming. WTI crude over the last week. After the big gap up on Sunday night it has went the other way. This is the tape says - that's all that matters. Doesn't have to make sense.

So we look at the support/resistance levels. Once the euphoria was over on the weekend it has been bouncing around the $92/93 level after taking a dip to the $80 range for a few days. Now back to $95.65 as I type this.

Pump prices are already going up here in Cornhole. Small sample size. 

crude316_1.thumb.JPG.47ba683005241453c69eff481c167187.JPG

Brent is higher. Wall Street is no doubt making money on arbing the spread.

Edited by Screwball

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