Crude: Oversold on high Volume

NYMEX:CL1!   Light Crude Oil Futures
382 6 5
Really nice for LT             investors... I was hoping that such a selloff would happen after Algier Meeting some time ago. We have oversold RSI and Stochastic and a high volume . I guess commercials net short % positioning from Tuesday will be in the rand of 17-18 % (we see it Saturday) and next week back to 14-16%. I currently hope for a correction till 42-43 Support Region till Tuesday. Than we should expect quite a strong rebound...
Comment: Crazy Situation on Friday Europe close... SA threatening to increase production... SA denying to increase production... SA threatening again... 1 $ in 10 min increase of WTI on deny of increase. Just imagine what will happen if we get a production cut. Dangerous situation for shorts.
Nice chart Darth!

A question, what kind of scale is it on your chart that range from 74 to 90?
darth.stocks coolingla
coolingla darth.stocks
Buy at 43 and s.l. little lower then 42.00
so stay short till 42/43 ??
I closed my trade after having reached 45... But I guess a good long entry should be at 43.
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