The Nymex crude oil futures market has backed way down from the spike high seen in September, including negating an uptrend line. The oil market bulls have quickly faded, suggested the spike high in September was a near-term market top. Look for sideways-at-best trading in crude oil futures in the near term–barring a major flare-up in geopolitics in the Middle East, which cannot be ruled out. Stay tuned!–Jim