Oil has been in the process of breaking out and backtest the neckline of a 5 year H&S top. Today marked the lowest price since the breakout.

The long term monthly chart for oil shows some nice Chartology.

There was an important breakout this week in the GASO  chart we’ve been following for years. I’ll let you decide what the implications are for this sector  going forward. Have a great weekend…Rambus