CLH24 – March Crude (Last:78.01)

We should probably expect crude quotes to reverse upward whenever pump prices slip below $3, since that would be just a little too peachy for the approximately 233 people who drive in the U.S. We can only hope the 78.86 Hidden Pivot target shown contains crude’s current surge, since a breakout above that number wants reasons to explore a void on the chart that extends all the way up to $85/barrel. At the level, pump prices will be pushing $4/gallon, so let’s cross our fingers and hope Houthis and the Blow-upfish don’t up their game in the Persian Gulf. .

  • Dean Ezell January 30, 2024, 8:15 pm

    Thanks Rick for passing on the writeup by David Isham. And as for Mr. Isham a big thank you for
    impressive observances, well received here. Your comments remind me of Yogi Berra saying,
    ” you can see a lot by just looking.” Very astute David! You can learn a lot by just searching.
    Thanks, Dean Ezell