There are early chart clues the Nymex crude oil futures market has put in a price bottom. See on the daily bar chart that a downtrend line has been penetrated on the upside and negated. Also, oil prices tested longer-term technical support at the $42.00 area and then rebounded smartly. A close in prices above major psychological resistance at $50.00 would give the bulls more confidence the oil market has put in a major low and that prices can at least then trend sideways, if not sideways to higher. Stay tuned!