The Nymex crude oil futures market has stabilized and rebounded a bit from strong chart support levels below the market. This suggests prices in the coming weeks will likely chop in a sideways range–barring a major geopolitical event in the Middle East that would spike prices higher for at least a short period of time. Longer-term, I see crude oil prices trading in a range between $50 and $60 in the coming months, or longer. Stay tuned!–Jim