We last looked at Crude Oil on Oct 2nd v $72.00, now at $76 and worth keeping a close eye upon as a rally now to the mid-$80's, as suggested by this chart, would have cross-markets implications. Higher inflation, higher interest rates and a rug pulled out of any market subject to geopolitical chaos. Crude Oil Futures OXY Trend Model Buy Signal confirmed and nearing a breakout of downward sloping trend channel, in other words, closing in on a Buy Calls Alert...but not quite yet. Attractive OXY Calls (When the time is right) OXY is one of Warren Buffett's largest holdings. It can easily run to mid-$60's, but there may be a better way to play run-away crude oil prices.
