Crude Oil

CLZ20

Crude Oil hit 38.2% back to the 4/22/20 low for the third time now at 37.00. This is the long term swing point, they can trade below, but must close back above. On any rally from here look for the top end of the trading range again at 42.00. Failing to hold this level should send it down to 61.8% of the 4/22/20 low at 32.50.