While filling the tank I immediately recall what was just discussed at the party: Iran, Hormuz, $200 oil, $5 gasoline, bicycling to work, etc...
So I said to myself: "when I get home I will write a late night post about gasoline and crude oil, and where I see them going.
Folks, here it is. Bull flags and symmetrical triangles almost always result in the direction of the trend. Sorry, but I see much higher crude oil and gasoline prices ahead. Get that sub $3 per gallon gasoline, while you can. At least you will not be mad at me if I am wrong...
click on chart to enlarge |
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