Crude is trying real hard to look bearish. Has to be hard to do with 9 weeks of straight withdrawals, regardless of an upcoming maintenance period or not.
They are going to wack crude and it will coincide with a stock market top and it will be before Janet Yellon leaves the FED. I am projecting $48/$52 in oil before the next up wave, so just be patient.
Anything is possible. With Venezuela going down the drain and OPEC's hand on the tap, I don't see that much downside. I'm questioning if the US isn't playing along. rig count dropping ever so slowly? Every producer has so much more profit with oil in the $80-$100 range and all that is requires is a little restraint.