Crude Oil WTI ( CL ) broke down below 33.20 (January 2009 monthly low) to post new lows below 30.00. There is scope for further downside towards 25.04 ( April 2003 low) next. Historically, Oil traded down to 10.49 in December 1998 while staying below the 26.74/27.15 range highs (January 1997/November 1999 monthly highs). Currently, the 27.00 area can be support for oil near term. Below would expose the 25.04 area.