TimHaberkorn

Downside target for WTI Crude Oil

NYMEX:CL1!   Light Crude Oil Futures
I typically don't recommend trying to pick bottoms and tops in any market. The unstoppable move lower in crude is very tempting to try and find a bottom when it does happen. I recommend watching the 46.60/48.50 price range if crude gets down there. I think it has potential to hold this massive down trend. I feel confident that when the bottom does hit we will see volatile market swings in a wide price range providing solid short term trading opportunities.
Keeping my fingers crossed, and hoping that todays low holds up in the crude oil.
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