none, this is just my personal commentary based on my analysis...again...trade of your own research...
Increase, experience teaches us that there is no such word as never/ever when it comes to price oscillation cycles especially so when price has already been there, I wouldn't even argue about it if I were you as you wouldn't make a statement like that with a fully loaded gun next to your loaf, would you now? As far as rational conversation is concerned I offer my analyses in a form of just a chart, this is a daily chart which now depicts a triple divergence which does point to at least a retrace, that is in the face of a still bullish weekly chart, hence I would say a retracement at this point, for a complete turnaround it would not be unreasonable to expect a double top formation to squeeze traders coming in on a weakening price action here, that's why I use small stops & let big players shake/squeeze each other, no need to have massive stops as your bias just might be wrong & CL is a rather big contract. To underline, ImPO a target of 115 is based on average retrace range of the formed divergence & if this is the turnaround time then expect some sort of news as well, as charts show interest distribution before news hit the wire more often than not. Best to all! <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1937434>
note this Energy Report May 28 http://www.alaron.com/energy_report.aspx?blogmonth=5&blogday=28&blogyear=2008&blogid=80