yep...CL/HO/HU are in 'view' now...and a trade is pending!

the 'natives' get restless when we see Crude approaching the un-bearable, un-thinkable,,and un-desireable price point of $40.00 bbl.

the media guys and gals are about to commence their mumbling; which generally marks the beginning of the end of most BULLISH market trends...yet probably drawing many unaware speculators into a 'bull-trap' scenario...get LONG and wake up WRONG....right near the peak.

the opec gangs will likely submit to 'behind closed doors' pressure from the puppet master/s; and make conciliatory modifications in their output levels soon....it's all a balancing act; having been played out for almost 3 decades...with the balance being how to maximize profits while not totally alienating the CONSUMING WORLD...so much that the recently localized US military presence in Iraq might just expand their current sphere of influence...eastward into the Saudi Oil Fields ...just a bit of course...just the fields...only seeking what's "fair" of course.

in summary,,,this is "THEATRE at its BEST"...
and the actors...oh what costumes; oh what poignant lines they deliver!

and...the audience ? take heed...Act 4 and the curtain is open now.

boog