NYMEX:CL1! LIGHT CRUDE OIL FUTURES
44 seems like a buy... be it for a few days and a few dollars.
After... if the strawberries hit the fan... could go lower, be it a few months only...
All projected bottoms are at 50/35... I guess everyone will buy those levels.
A washout to 25?
- 44 holds
- 44 is rebound and then falls through
- 44 is broken straight to lower (unlikely but apart from my mean reverting brain the trend is intact)