Aug Crude continues to trade in a tight range bound by the two lows in early June at 81.39 and the two month downtrendline and the recent double bottom at 77.75. This range wont last long. A break above or below will determine direction. Technicals suggest a break to the upside but price is king as always and must clear that downtrendline and rally to confirm an end to this steep downtrend. A spike to new lows with a high close and reversal bar would be a nice heads up for a change back to up. But the market will determine this not anyone else..................................