We received a buy signal on crude (basis April) on 2/16/10. After crude broke above the $80.00 to $80.40 range last week, we see the next level of resistance at $81.90 to $82.50. If that level is broken, the next resistance level is $82.70 to $83.00.

Our first target of $80 was hit. Our next target is $82.70 to $84.50. It is possible we could see $88 to $92.

Nearby support for the market is found at $81.40 to $81. If that level is broken, the next support level is $80.30 to $80.00.
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