Crude Oil 20 Yr Crash Cycle Low Targets

NYMEX:CL1!   Light Crude Oil Futures
Crude oil is rapidly approaching two major levels of interest. There is blood in the streets now and this is the time we look for opportunity. This is a risky play and will need expert risk management.

Two levels to watch. 1st is the key level at 48.13 which should stall price and allow it to consolidate some on this last leg of the drop before having the ability to drop further.

Next is 37.96 which should be the ultimate low if it can break through 48.13 we should slam into 40 & pierce it just crush all stops & margin call out any knife catchers and long bag holders and hit 37.96. Should this happen I would see that as a potential longer term bottom and end to this blood shed in crude.

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