OIL: After breaking above initial resistance at $102.97 (Oct 16 high) in after
hours action Tuesday, the front NYMEX contract
(currently March but settles Feb
20) pushed higher in early US action to test $103.34/bl, the highest levels
since Oct 10, 2013. WTI holds at $102.46/bl currently (earlier low at $102.40).
The front contract may stall at old peaks $104.19 (Oct 4 highs). CitiFX
technicals says the close above the "double bottom neckline at $100.75 strongly
suggests a rally to $110."
