There we have it, ladies and gentlemen!

I can’t believe how easy it is making money in the oil markets, can you, Mr. Livingston?

That chart is the USO chart, one which, despite a penchant for lower highs and lower lows, does make it easy to predict which way the black stuff will move.

Care for a glass of Armagnac, Mr. Livingston? Oh don’t worry about the price old chap. Oil paid for it!