May Crude Oil Update: What a difference a day makes!

May Crude Oil Update:  What a difference a day makes!

Yesterday morning at this time, May Crude was circling 87.00.  Fast-forward 24 hours, we see May Crude circling 94.50 (+8.6%), and pushing up toward a challenge of the dominant resistance line off the March 8th post-war high at 118.00 that cuts across the price axis in the vicinity of 96.50 as we speak.  If the resistance line is hurdled and sustained, May Crude will point to a full-fledged retest of the multiple price highs this past weekd in and around 100-101.65, which, if taken out, will trigger upside potential to 110-112 in and orderly market.

In a disorderly market-- i.e., amid the Fog of War, who knows how high it might spike... 

To regain downside traction, May Crude needs to break and sustain below 92.65 for starters, and then follow through to the downside to break 90.50... Last is 94.21...