Crude’s Ascent

Well, ever since this blunder, oil has been pretty much doing nothing but going up. I’ve tinted the “not in my lifetime” zone.

It’s unfortunate, because it’s making it a lot tougher on me personally. Shorting stocks is a cinch when oil is weak. All the same, I’m having an OK day. What worries me is the prospect of oil getting even stronger still; take a look at USO. If we cross that red line, watch out above.