RE: $70 oilYou guys all make me laugh - Oil has one good day and everyone is crying for it to breakout into new highs. Just like when it was $149, people were yelling $200. I think we are range bound here - if it does go much higher it won't take much for the bulls to let the bottom fall out and we'll see it at $45 soon after. Higher Oil prices still have to be supported by our economy, and we could be in for a rough summer in the markets.