The Black Box

[dieselfuel]

Breaking through 39, and $25 is a slam dunk. And, I'm certain we'll see 15. Cheif is calling for 10, but a rally first to around 75 as I recall.

A 50% retracement from the top and here around 40, would put crude at about 95/bl.

My 'gut' is telling me we going lower, and then rally, putting the re-tracement at a lower number.

I really don't see crude going back to 95, and I think 75 is a stretch. But then, a few years ago,I never thought we'd see 147, either.

Maybe a retracement to $60... 65....?