David Fuller's view I increased my long in crude oil today because it is in the lower side of its broad trading range. It can go somewhat lower, as it did in late August when I made an earlier purchase, but I am not holding out for that this time. I was partly influenced by the firmer tone of the IPE (Brent) contract. NYMEX crude, which I hold, is currently weaker due to excess supplies in the USA. I am hoping that this glut is short lived.