I am a regular oil trader, and have recently joined this forum which seems very active with lots of information. My view of the market at the moment is that we need to see a break above the $50 dollar price, before any reversal can be confirmed - until then the consolidation is still in place for a while - the good news is that the longer the consolidation continues then the more volatile will be the breakout when it comes. Great for swing traders at the moment, but difficult if you are a direction trader. Just for interest I use the following site for my daily updates - sometimes the posts go up twice a day, but very good technical analysis - called Master The Markets Oil - they also have live charts etc and just cover oil on the site which is great. ( also have a gold and silver site as well)