Nymex crude oil futures prices have rebounded from the June low and the bulls have gained strength to suggest a challenge of the June for-the-move high. If the crude oil bulls can push prices to new for-the-move highs, such would reinvigorate the raw commodity futures market bulls, who have been hurt recently by economic recession worries. My bias is that the crude oil bulls will have a very hard time pushing and sustaining prices above the recent high of $120.88 a barrel. Stay tuned! —Jim Wyckoff