Breakout in crude

Reports of blasts in Riyadh tipped oil over the ledge and to a fresh high since 2014.

All the talk of trouble in the Middle East has many markets on edge.

Technically, the break bodes well for a further rally but ideally you would like to see a close above the 2018 high of $66.66 first.

The problem is that if bombs really do start to fly and somehow Iran gets involved, then oil could be at $80 in a flash.