Energy OverView October 9, 2013

If you like a good story, this is increasingly a difficult space to read. Oil prices have tantalized with the prospect of breaking above $110 and below $102 several times over the past several months, but have repeatedly reverted to their comfort zone near the middle of the range at $104. The sentiment that gets generated near those pole points has not been enough to overcome the resistance or support point. During the run at the upside…