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Was The Breakout For Crude Oil A Hoax?

September 17, 2019

Via: Forbes

I have been showing a potential breakout in Nymex crude oil for the last few weeks. The breakout for oil is on the daily and weekly charts, not at the gasoline pump. Last week the price per gallon for regular gasoline was $2.359 in Tampa Bay, Florida. Today, as I left my community to run some errands and I predicted that the price per gallon would be up to $2.599. I was wrong. I filled-up at $2.289 per gallon. What does that mean? Is it a sign of economic weakness?

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