To me, the longer you sit above 60 a barrel, the greater the likelihood we'll have a push even higher, ... But just staying between 60 and 70 is very bullish for oil. It's going to make it difficult for the market to have much more than one more push upward.
More Quotes from Bill Strazzullo:
Oil is the big theme. As it backs off, demand for stocks will increase. The trend for the indexes remain up, we may see further gains.Bill Strazzullo
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