[woodbutcher1963]

It seems to me that we MAY be witnessing a bottom in crude oil futures right now in the $53-54/barrel range.

See chart pattern. We made a new low on Tuesday/Weds and then closed higher. We call this a key reversal.

http://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude.html

I am not a crude oil futures expert, and I did not stay at a Holiday Inn Express last night.

[thackney]

I am not a crude oil futures expert

- - - -

Me neither. I watched yesterdays impressive climb only to be wiped out at the end of the day.

Too many variables, and panic/hope drives too much short term movements, even on what seems unrelated news.