To say that oil prices have been choppy of late would be an understatement. But, with a bit of perspective, that choppiness can take on form… Perhaps more surprising is from where this lack of direction comes from, as oil prices launched higher after the Presidential Election and didn’t really stop or slow down until mid-March. Of course, there was some political drive in there but the technical backdrop has been equally supportive as a bullish trend continued to run until a significant area of resistance came into play early last month around the $67 handle on the chart. Since then, the music has stopped, or at ... (full story)