To me, it appears that a potential double top formation could be formed. In addition, it also appears that a bearish rising wedge is in the works.
Below is my simple chart on Noble:
It looks bad. The MFI failed to push to a new high even though Noble did. In addition, the volume is decreasing as the price was increasing... a volume divergence.
Indicators like CCI and %R indicate overbought levels, while stochastics has cut down to become bearish.
Be fearful when everyone is greedy. Clearly, commodities was super bullish, and many has become very greedy on it. I remain fearful of commodities, and would rather be cautious and sit out it's bull run, if there's any more.