Saudis ok with oil at 90 + Sarkozy's bomb scare http://www.reuters.com/article/idUSTRE69541420101101 Still looks more like a series of stop-runs to me - I'd say if we don't break 85, we test 80 in the next couple of days
Looks like a strong break out to me, but CL does do crazy things. I also think euro will continue to rise. interesting to note the DJIA and nasdaq at April highs
I show strongest hourly volume since July, fwiw. I think 92 by my measure, in the short long run. Also, the MACD shows down, but price action is sideways-up, which often means the instrument is trending, and going to get another leg up. Just a thought... Edit: Also, the COT report is quite bullish