Crude still in an uptrend
Oil still plays in the uptrend as we have a local top of $75.26 and a bottom of $67.19. Nevertheless, there is a recent movement down, the price manages to recover and to make new higher highs. As long as $67.19 holds, Oil Bulls can sleep well at this point is close to the bottom line of the trend of eventual attacks and breaks to reverse the trend South. Today we have API data as well, so keep your eyes open.