This is our normal US oil chart which was uploaded here a few weeks ago with no changes, we can see that if there is a break to the upside, where is the first target at?...$129. Exactly at our US oil CFD chart I just uploaded.
The extreme price target is at $197.....but this would involve a lot of factors. I believe that the only way that oil could go this high is if the BRICs and beyond countries decide to drastically decrease oil production, this would likely create a global tension that would create a global conflict, we do not want to see that.