Caution on Crude Oil Prices

It was two years ago with oil between $70 and $75 when the $100 oil predictions began.

My prediction was $50 before $100, which proved to be correct in January 2007.

Two years latter with oil between $120 and $125 the call is for $200 oil. My new call is $75 to $80 before $200.

Earlier in the week I projected that my monthly resistance at $122.72 would cap the well. We have not gone that far above yet.