SOft walk to 74.41

Futures are up mildly and oct oil touched 74.41
I believe in global recovery we all know this and I expect Oil to blow through the highs just like Goldman thinks 80 is the number in oil. We have hard other analyst preach 30's but I wonder if those misguided souls are still willing to back those bold predictions it is nearly September
I see no signs of 30 anytime soon. If you look at the longer term view of Oil you can see the
"brackets"it moves in where it stays range bound until it does not- whenever we get to an outside
end of a range you have to ask whether we are ready to switch brackets I do not believe we can truly know this until after the inventory reports Wednesday.
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