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. 

http://news.bbc.co.uk/1/hi/business/7584747.stm

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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