NYMEX:CL1!   Light Crude Oil Futures
Oil
40 1 1
oil
Since we broke the trendline highlighted in the chart, oil             has been plummeting. Are we going to find support at 55.69? That seems like the next possible level to me. Where we see bottoming formations develop in oil             , I'll be interested in buying, as I think the fundamentals are going to send oil             much higher in the long run.

View the full discussion and analysis: http://www.informedtrades.com/1879573-how-low-will-oil-go.html


do people look at log chart or the regular ones more?
Perhaps we're close :)
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