Oil Going Towards $120-$125 (max) a Barrel

Of course, US crude stockpiles fell unexpectedly last week.  And, don’t forget about that hurricane that won’t have any impact to our access to oil.  Gotta love speculation. 


Due to a resistance (technically speaking) at $125 a barrel, oil shouldn’t climb above $120-$125 a barrel and should steeply fall after the hurricane passes without any true impact to our supply.  Sell high around $120 a barrel and buy back lower around $100-$110 (or less) a barrel.

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