Our biggest concern with the crowd oil trade was the shake out of weak hands buying at the top. And oil did exactly that as it comes back to retest the support at the 93 handle. As of now, its looking extremely likely that a further squeeze to the downside for oil is likely. However, we are in the camp that this selloff should be bought up as the global fundamentals have no changed much. Therefore we will be anticipating a selloff to the downside and looking to accumulate oil back towards the 100 mark.