The West Texas Intermediate Crude Oil market rallied a bit on Monday to kick off the week on the right foot. Furthermore, the market has broken through a major downtrend line, and it is likely that we could go much higher. We did give back some of the initial gains, but at this point it looks like we are closing well above the downtrend line. That suggests that we are going to continue to go a bit higher. If we can break above the top of the candlestick, then I think it is very likely that the West Texas Intermediate Crude Oil market will go looking towards the $74 level. The $74 level is an area where we had seen a ... (full story)