Oil going up

The Chartology buffs can't find the top of their little triangles in the oil futures:

"LITTLE RESISTANCE"

Technical analysts, who follow the movement of prices on historical charts, have become more bullish and suggest the oil market could move higher in the next few weeks.

"Our take on crude oil prices in the short-term is that we likely will push higher from here," said senior commodities analyst Edward Meir at brokers MF Global.

"Technically, there is very little resistance showing on the charts given the upside breakout evident."

Oil is money, so there will be no upward resistance until oil is not money.