Ugly Uptrend for My Gas Tank!

After a very rapid rise over the past several weeks and months, crude oil prices have dropped somewhat today following a new record price over $135/barrel overnight. Is this a top? This daily chart certainly doesn't show it, but personally, I hope so. This price rise has been too parabolic to be healthy for any futures market. A strong correction is needed! It might even teach a good lesson to some long-only energy futures market participants.