The crude oil market has made a solid rebound from the February low, to suggest a retest of the January high above $66.00 a barrel. The near-term chart for crude is bullish. However, I cannot ignore significant market fundamentals (and neither should you). The specter of rising U.S. shale oil production is very likely to cap crude oil’s price gains, to suggest there is not much upside price potential at all, if prices do reach the January high. Stay tuned!