Did WTI Crude just put in a triple top?


After a strong rally over the past several weeks, WTI Crude has stalled, and on the charts looks like it may have put in another “lower high” in the $96/bbl. area.  Generally most of the smart people I know in the energy patch are bulls and expect $100 to be taken out before too long, and I’m in no position to argue with them—but that chart pattern would make me a bit nervous if I were an energy bull.  A  break of $98 is needed to re-affirm the bullish trend.