http://stockcharts.com/def/servlet/SC.pnf?c=$wtic,P
$83 Price objective. First is getting to the $63 box, then look out.
Been overbought on and off for a year and a half, but almost every chart I pullup screams OIL bull market.
WE got Cramer screaming it, Wall Street screaming it, the oil stocks screaming it, seems like a NO BRAINER right?
Chinese demand guarantees HIGHER prices right? or so it would seem.
STILL looking for that intraday rise and reverse, this rally is really feeding on itself.
I still think the bar doors swing open, and the bulls line up against the reality exposed in the coming job report.
I am verey alone in calling for a ghastly miss, but I stand by it.
D
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