ASX Today, page-7750

Hi oilskin, and others interested in a Bloomberg's chart for the POO

The following link is to West Texas' crude price
https://www.bloomberg.com/quote/CL1:COM

If you there click on 1Y - for their 1 year chart - IMO once the present price gets above ~$48US a barrel you'll see it rise back up again but probably only up to ~$51US within a month - in a classic W pattern.
Beyond that $51 there seems to be a lot of resistance around $53 to $55US - which occurred last year for a couple of months - May/June - but once over that it could then rise to $60, which was the high in Feb/Mar 2015.
If you prefer to see Bloomberg's chart for Brent Crude use the ticker code CO1:COM.

Also FYI, if you didn't know already Australia's petrol price per litre, is based on TAPIS crude, out of Singapore. You can get its price - which is usually a few dollars a barrel above West Texas, on ABC Radio @ around 6.55am Aust. Eastern Time, when at the end of a Commsec 1-minute Finance Report, the overnight price closing price - which I think is for the UK close - yes UK - is broadcast for both West Texas & TAPIS respectively, just ahead of the UK close for Spot Gold. GT.