WTIC Oil Daily Testing Lower Trend Line

WTIC oil daily chart; it's been a party for oil the last few months. Three negative divergence tops finally had enough oomph to spank it down good. The two green candles taking price from lower rail to upper rail represents the Egypt situation. That has settled down quite a bit, images of folks sweeping up the Square now, so fears must be ratcheted down. The majority of pundits keep saying $100 plus. Tomorrow will tell a lot as it tests the bottom rail now. The pattern of higher highs and higher lows continues along favoring bulls, but, and 85 print a couple bucks lower changes all that and points at early February as the top. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.