Oil - WTIC daily gapped out of a down-channel off the 58.20 highs and closed just above the .618 re-trace off the highs at 54.60. A test of 55.90 should follow, and a test of the highs cannot be ruled out: <A HREF="http://stockcharts.com/def/servlet/SC.web?c=$wtic,uu[h,a]daclyiay[pc9!c13!c20!d20,2!c50!c200!b200!f][vc60][ila4,9,5!lh5,5!li10,10!lp14,3,3!ll4!lo14!lb14!le5,10,1!lh89,34!lh45,17!li180,68!lp3,2,2!lb5][J47362036,Y]&pref=G" target="_blank">http://stockcharts.com/def/servlet/SC.web?c=$wtic,uu[h,a]daclyiay[pc9!c13!c20!d20,2!c50!c200!b200!f]...</A> Here's the weekly: <A HREF="http://stockcharts.com/def/servlet/SC.web?c=$wtic,uu[h,a]waclyiay[pc9!c13!c20!d20,2!h.02,.20!c50!c100!c200!c150!b200!c125!c175!f][vc60][ila4,9,5!lh5,5!li10,10!lp14,3,3!ll4!lo14!lb14!le5,10,1!lh89,34!lh45,17!li180,68!lp3,2,2][J34500327,Y]&pref=G" target="_blank">http://stockcharts.com/def/servlet/SC.web?c=$wtic,uu[h,a]waclyiay[pc9!c13!c20!d20,2!h.02,.20!c50!c10...</A>