No, i pushed it to my TP. Its not just iran.The whole unclear situation in the Middle east may keep taking oil up and up. (may see my long term target @ 92 get to the TP point)
It was the Iranian warships going thru the canal on the way to Syria. It was a scare rally. At least that's the headline. http://www.foxnews.com/world/2011/02/16/israel-warns-act-iranian-warships-passing-suez-canal/
There ya go. But we'll prolly get snagged at yesterday's high. If we can break above that level, then you'll likely see all them T-gals coming out in drove to do their usual thang. Well, you know that's my favorite subject.
If we don't we could possibly drop back down to 84.75 zone, at which point the question is will the bargain hunters step in to prop this baby up. Anyway, I see that we're trying to retest the high.