In yesterday's Oil Trading Alert, we opened a long position based on crude oil's exceptional strength, and this position is already over $2 profitable. Crude oil is taking a breather today, but it doesn't seem that this pause is the end of the rally. These are the three reasons why: 1. Crude oil has just broken above the declining resistance line and it managed to do so despite quite a few bearish factors. It even broke higher with a bullish price gap, underscoring the strength of the bulls 2. Crude oil has already consolidated a bit, even though it's not visible on the daily chart. 3. The really strong resistance ... (full story)