crude curve

The WTI crude oil futures curve (click to enlarge) has flattened substantially in the past month. It's an indication that the US crude reserves in storage may be on a decline and people are becoming more comfortable taking deliveries in the spot market.
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USO this finviz shows good clean site , notice trend line support at $36 few days ago ( which I should have kept LONG , so it is imp. to study trend lines also especailly one created by this guru guys like finviz )
http://finviz.com/quote.ashx?t=USO&ty=c&ta=1&p=d
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Jim Ritterbusch, president of Ritterbusch & Associates, said bullish equities and a weak dollar "will still need to be recognized and could prove capable of pushing nearby crude values toward the $75 mark."

Crack spreads, instead of flat prices, have become more appealing to investors recently, Ritterbusch of the trading advisory firm in Galena, Ill, wrote in a note.

Institutional profit-taking from short heating oil crack spread positions may have caused the prompt spread to rebound to around $5 a barrel despite bearish distillate stock data this week, he said.

"We would also note some weakening in the crude curve as an indication of some liquidation of previously established long crude versus short heating oil spread positions in the nearby October contract," Ritterbusch wrote.