What a shocker! Crude actually did something last week, falling so steeply that experts were left scratching their heads. I don’t much care about the reasons they’re giving for the collapse, since their comments would have been credible only if they had been broached before it occurred. Putting aside speculative blather, the futures look bound for the 57.03 target shown. This is a composite chart, so that number is unlikely to work perfectly. However, it will be good enough for government work — and for the pleasure of motorists who will always welcome lower prices at the pump.
CLK25 – May Crude (Last:61.99)
