Crude quotes have risen 65 percent from last winter’s lows near $44, but all of the action has taken place beneath a key resistance peak at 77.42 recorded just after Halloween. That’s the number to beat, but until it happens we should regard the effort as no more than a strong bear rally. More immediately, there’s a key midpoint support — formerly resistance — at 65.36 that we can use as a minimum objective for a pullback from these levels. It would be invalidated by a print above 72.84.