We could finally be seeing a break in Oils downtrend. Over the past few weeks it has held the psychologically important $30 level. I'm not saying that it is going to rally. Maybe it will. But it seems like it isn't going lower in the near term. Remember...trend lines aren't mysterious or magical. When used correctly they are graphical pictures that illustrate how the forces of supply and demand change as time progresses. Here we see how the forces of supply dominated the market since September and this has driven prices down. The break of the downtrend line over the past few days could mean that these dynamics are changing...meaning that the forces of demand are about to take control...or at the very least become equalized with the supply forces.