Oil Running Higher!
Posted on March 29th, 2007 by MoverMike
I predicted, here, that oil would not go above $70 a barrel in 2007. Taking a look at todays trading action, it appears that the head and shoulder top worked for just a little while, then formed a head and shoulder bottom and today has broken out by moving to $66 per barrel. The target would be at least the old high of $77.95. Here’s the chart




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