Oil is nearing a key support level around $16/bbl that stretches all the way back to 2001. If that level fails, there is another key support level ~$10.50/bbl which goes all the back to the late 80's I would have my eye on. I am going to be a speculative long buyer of oil if it breaks $20/bbl.
Comment:
I think this idea will prove to be a good winning one