The Nymex crude oil futures market has seen its price uptrend negated recently, which is a technical clue that a market top is in place. Bulls are working to stabilize the market and have so far been successful, to suggest more sideways and choppy trading in the near term. However, if prices drop below solid chart support at $60.00, more technical damage would be inflicted to suggest a fresh leg down in prices, including a challenge of $50.00 a barrel. Stay tuned!