Crude(USO)moved into new 52 week high territory today with the help of a 1.5% gain on above average trade.  This breakout type move drove the Index past heavy resistance near the $13.30 area.  It sure looks headed higher:

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Here’s a longer term view of the WTIC(Light Crude Oil Spot Price).  WTIC is at its highest level in 40 months, up 144% from its closing low in Feb 2016:

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At time of publication we are long USO in some managed accounts.

Hat tip Charlie Bilello