Crude Oil took out the bottom of the 2 month trading range and long term swing point at 37.00. As long as it remains below there look for 61.8% back to the 4/22/20 low, this is 32.50. Provided they can get back above 37.00 look for a rally up to the upper end of the previous trading range at 42.00 and 78.6% back to the 8/26/20 high at 42.25.

Crude Oil