Some of the things I look for are starting to show up for a larger bear market correction in crude. Firts off is the impressive collapse of the prompt spreads over the last 2 days. Yesterday the Feb contract rolled off, and that spread moved back in nearly $4 for the session. To have the first day of march going prompt and get march/april to contract over $1.50 more is interesting to say the least. Also, we have bounced twice off of a long term support line dating back 10 years ago (late 98' low to the late 01' low). We are currently starting to run over some moving avg's. The first test will be to get a close above $50. If so I have targets for the move to $67, $74.50, and $76.20. The fundamentals have not changed, this is a technical/oversold market correction at this point.