BRENT/CRUDE CONTINUES TO COMMAND A HIGHER PRICE THAN WTI LIGHT

BRENT CRUDE/WTI CRUDE RATIO TO MOVE HIGHER

 The price of Brent Crude is expected to continue selling at a rising premium over the price of WTI crude...currently the premium is at 25.9% and could rise to 27.5% before it encounters a barrier. The daily chart above shows the Brent crude/WTI crude ratio rising strongly with resistance evident at 1.275...if this level is violated it is possible that the ratio could rise to test the previous peak at 1.342 made on October 4th 2011.