WTI CRUDE HAS FURTHER UPSIDE POTENTIAL

WTI CRUDE OIL price has further upsie potential as it leads the energy complex higher. But how much higher can it go and for how long can it continue to beat the likes of ICE GAS OIL and NYMEX heating oil which also have upside potential? Bloomberg reported this morning that: "Oil rose from the highest close in two months in New York as the U.S. House passed a Senate- approved deal that will avert tax increases and spending cuts that threatened growth in the world’s biggest economy.Futures increased as much as 0.7 percent after rallying 1.1 percent Dec. 31." As you can see from the above daily chart of WTI CRUDE it has violated resistance just above 91 which opens the way for it to go higher...resistance levels are seen at +-95, +-100 and +-105. But will CRUDE continue to outperform the rest of the energy complex, how high can it go and is there greater potential in GAS OIL? Questions which are answered in our ENERGY service.