We’ve come to expect crude’s rallies to go nowhere, implying they will tend to reverse before breaking out. This one came close, though, before it smacked into a voodoo number that sent it reeling. The reversal occurred just a hair short of the watershed top at 81.53 recorded in June 2022. The long-term picture remains bullish nonetheless, and it’s only a matter of when, not if, crude pushes above 81.53.  So why have quotes held stubbornly above $65 for the last three years?  Because it’s a dangerous world, would be my guess.