Nymex crude oil prices are trending higher and the bulls have the strong technical advantage. A challenge of major psychological resistance at $100.00 a barrel is now likely to come sooner rather than later. Crude is leading a general surge in raw commodity market prices, which is in turn boosting inflation. As long as crude oil prices continue to climb and remain elevated, many other commodity markets will also see higher price levels and inflation will likely continue to be problematic. Stay tuned—Jim Wyckoff