Feb 21, 2012

As our subscribers know, we always link to and recommend reading/listening to Eric King. The quality of the people he interview is truly great and one of the contributers is Dan Norcini. He had been talking about the critical $105 level in Saturday’s interview and here is what Norcini had to say now that oil has broken out to the uspide:

"Oil has broken above the critical $105 area of resistance. If we can get a couple of closes above $105 we should see a substantial spike higher in the price of crude oil. The next move should take crude $10 higher to the resistance area at $115." Read more...