Crude held key short term support!!! Bull flag, breaking out to the upside?

Longer term uptrend still strong. Approaching strong resistance right now!

Crude 3 month chart

Crude1year chart below

Crude 5 year chart below

Crude10 year chart below

Crude prices historically near the end of their seasonal strength and getting close to a period

that often marks a seasonal top and price weakness in Oct/Nov/early Dec:

Unleaded Gasoline Price Charts(not as strong as crude or heating oil): Uptrend on longer term price chart......bull flag short term(or top?)  

3 month                 

1 Year                

5 year........are we headed back to the highs?

10 Year                

Here are the gas prices at the pump.

The National Gas Price Heat Map from GasBuddy:

https://www.gasbuddy.com/GasPriceMap?z=4

Weekly US ending stocks of crude oil. Peaked in March 2017 and have been falling sharply since then. Now still close to the lowest in 3.5 years. Bullish fundamentally from falling storage standpoint:

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WCRSTUS1&f=W

Weekly ending stocks for unleaded gasoline. Barely peaked in Feb 2017 but have not dropped much...........the most bearish of the liquid energy markets:

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WGTSTUS1&f=W

Weekly US ending stocks for distillate fuel oil(heating oil-especially used in the Northeast). Peaked in Feb 2017 and had PLUNGED to the lowest in 4 years and almost the lowest in 10 years.

However, distillate stocks have increased a great deal recently(the last 3 months)!

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=W

    Previous posts:

            Crude Oil Swing Trade            

             Started by mikempt - Aug. 22, 2018, 6:19 p.m.            

I bought Oct 19th (USO) 14 calls for $.60 cents on the breakout today. Looking for a 50% return!!

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                By silverspiker - Aug. 23, 2018, 12:34 a.m.            

Looks like all the boxes are checked off to swing at the fences there Mike ! ☺

Texas Exports More Oil Than It Imports For First Time Ever

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                By silverspiker - Aug. 31, 2018, 12:35 p.m.            

Stay The Course My Good Man !!!... especially next Wednesday thru Thursday (looking for upside objective ?!?!?!?)

  .... measures 75 for 1-st stop if it starts spikin'

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                 By silverspiker - Aug. 31, 2018, 12:38 p.m.            

ooops... forgot the chart... EVERYBODY STAY COOL !!!