WTI may push over $65 this week

[dan_s]

Go to this link and watch Alan Knuckman's three minute video: http://www.cmegroup.com/trading/energy/ ... crude.html

CME group is all over this idea that Saudi Arabia is going to do whatever it takes to drive up oil price this summer for the Aramco IPO. Sure makes sense.

If WTI closes over $65, there is very little resistance before $70.

[mattreue]

The IPO has been one of my main macro security blankets for the past year and a half.

[dan_s]

All of the technical are pointing to STRONG BUY for WTI this morning (Jan 23) and natural gas is also getting some love.

[dan_s]

Chart Of The Day: Here's Why Oil Is About To Jump Toward $70
By Investing.com (Pinchas Cohen/Investing.com) Jan 23, 2018 10:01AM ET

https://www.investing.com/analysis/char ... -200282549