The Nymex crude oil futures market early this week is recovering from the sharp sell off seen late last week. Bulls are working to keep a price uptrend in place on the daily bar chart. Price action the rest of this week is likely to be extra important for direction in the coming weeks. See the support and resistance lines on the chart. The direction in which prices move above the resistance line or below the support line will likely determine the price trend at least into mid-summer. Stay tuned! Remember, my daily reports will provide you those early chart clues on price trend changes, or acceleration.