Saudi’s Arabia’s “purge” leads crude’s geopolitical surge but traders should watch out of technical indicator cannon fire. Oil’s charge of the light crude brigade continued unabated overnight, with both Brent and WTI galloping 3.0% higher and even Natural Gas shaking of its multi-month lethargy, rising 3.50% in New York trading. Geopolitics continues to drive price surges, which is unsurprising when mainstream media use words such as “purge” to describe the situation in Saudi Arabia. Saudi Arabia’s apparent purge aside, the rally comes against the backdrop of potential disruption of supplies in Iraqi Kurdistan, Libya ... (full story)