The Nymex crude oil futures market once again saw a price rally turned back by stiff technical resistance layers that are located just above present price levels. Four times in the past few months rallies have been halted by the chart resistance around and just above $71.00 a barrel. Such suggests sideways-at-best trading action for the crude oil market in the coming weeks, or longer, barring a major geopolitical event in the oil-rich Middle East or in some other oil-producing region of the world. Stay tuned!