The Nymex crude oil futures market has moved well off the recent low of $6.50 a barrel, to suggest a market low is in place. Make no mistake, the bulls have some heavy lifting to do to suggest a price uptrend can be sustained. See that downtrend lines are still in place on the daily bar chart. More likely is choppy and sideways trading in the coming weeks, including bouts of higher volatility.–Stay tuned! Jim