$BZ96.279999! 96.279999 $CL1!

Talks to resolve the Middle East conflict remain stalled. The SPR fell by another 3.1 million barrels to 286.6 million.

Both BZ and CL have broken above intermediate resistance. If prices don't fall back below support in the coming sessions, the likelihood of an explosive move higher in crude increases exponentially.

Technical

The descending channel midpoint is now the support to hold. Above it, the upper boundary remains in play, with a sustained break opening further upside.. Above 100, we have 120.