The Nymex crude oil futures market on Monday powered to a nearly six-month high above $65.00 a barrel. Recent price action in crude pushed above key technical resistance levels that now make a challenge of major psychological resistance at $70.00 likely in the near term. Veteran oil market bulls would like to see the gentle, unassuming price uptrend remain, as it would suggest more of the same. Higher daily volatility and bigger price moves would be a chart clue that prices are topping out. But right now the crude oil market bulls are in firm near-term technical command. Stay tuned!