Wednesday, March 10, 2010

Valero (VLO) & Crude OIl ($WTIC)

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   Once again crude oil ($WTIC) is up against the $82 resistance level. Back at the end of last December I written that oil was setting up to breakout and head to $  We could be seeing this in the very near future.  Again, as I mentioned in previous reports, 1,150 on the S&P500 will be a catalyst for all markets and may rally oil finally to brerak resistance. One of the Itz Pix holdings is Valero (VLO) today's EIA report showed that gasoline inventories declined for the week by 2.9million barrels. link

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