I recently wrote an article about the farmland bubble, but focused mostly on who would be hurt.
In last Friday's trading, WTI crude oil approached triple digit territory but failed to close above $100 per barrel. As shown in the blue line in the chart below, the commodity briefly traded above the century mark back in late December, but it quickly retreated. With that resistance in place, traders may want to wait for crude to get back above $100 before trying to play it from the long side.
Higher crude oil prices are definitely not a positive for most investors (unless they are long crude). Therefore, the key to watch is how crude oil prices impact prices at the pump. According to AAA, the national average price of gasoline rose to $3.294 per gallon over the weekend. While this is still considerably lower than where prices were at this time last year ($3.604 per gallon) and right in the middle of the range since the start of