Crude oil prices had a strong start to the year, in part energized by two swans: the record cold spell that froze over Texas and the blockage of the Suez Canal. It’s been an interesting few weeks, but now that these mini-crises are in the rearview mirror, some of the recent bullish catalysts (supply constraints) have been lost. Yet even as crude oil prices remain largely directionless for the past few weeks, failing in their initial bullish breakout attempt above the descending trendline from the July 2008 (all-time high) and June 2014 highs, longer-term technical studies continue to suggest that bulls haven’t thrown ... (full story)