Everyone is call a top and that this is a bubble, it went parabolic. What everyone won't say is "could we be running ourt of oil" I think we are, commodity prices use to be transitory, supply and demand kept things in check. Never has a commodity gone up and stayed up for such a long period of time. The market is telling us something!
aaron, just my opinion but i think we're still overbought and can see a false breakout before collapse (20+ fall)
oil -> $150-$160 next but sure looks toppy, I'm thinking one more squeeze. If not there then 180-$200 then maybe sharp reversal. still too many ppl shorting crude it ain't gonna be that easy