One of the lead stories of the day has been the bullish breakout in crude oil. Prices of the June WTI futures contract have rallied above the key level of $65.00, driving north to an intraday high just beneath $66.00. It appears that a test of $70.00 may be on the way by Friday?s closing bell. Psychological levels certainly have a way of drawing participation to the market. Once price broke the $65.00 handle, a rush of bids hit WTI, producing a strong and rapid uptrend. Since that time, buyers have held their ground above $65.50. Media outlets are reporting that the U.S. is preparing to end sanction waivers for ... (full story)