Another look at oil, shall we? Manieri offers his guidance.

Ok ok, people are getting antsy at the prospect of gas prices creeping up again. Don't worry, because the libtarded granola-munchin weirdos in California put extra pressure on oil producers during the summer months for their, "blend." A special gasoline for the greenie weenies. Also, more people are driving in the months to come. You would think this would all equate to low supply and higher prices right? WRONG. American shale producers dormant for the last few quarters are waiting in the wings to start production again the moment it is feasible. Think of the 1200 price point with Gold. Mines digging if price drops below 1200, because it is no longer profitable. Now, does Benny know the magic number with oil like gold? Well, no. I don't think anyone does. Maybe some dweeb at Goldman Sachs thinks he does. I'd give him a swirly and tell him he doesn't know. Then a wedgie.

All the technicals show this current up move to be a retracement. Nuff said. The chart don't lie