$70- 90 OIL? Lets see how this plays out.

I can easily see oil hitting $70 a barrel here soon. The real question is will we get past $70 and see $100. I think that if we don't break up out of the decending triangle past $70-71 there is a good chance we will break to the down side and see $30 oil and maybe lower. This is not trading advice but rather speculation and personal observation.