Very interesting long-term chart for WTI crude...

Clearly, a huge triangle consolidation building in crude since 2011.  Question is, when does it break? And will the move be higher or lower?

I find it interesting that crude is still trading in the mid-$90 range even though US inventories are at record levels, Fed is rumored to start winding down QE soon (I personally don't believe they will), and the US Dollar is surging.

What are your thoughts on where WTI should be priced?  What does the chart above mean to you?  Personally, I think crude is on the verge of making a VERY big move!

Use the comment section below tell me what you think...