Which Way do you Think it will go ? It's in a Channel Overall belief is it will return to $100 at least it's already been to $40 i don't even the Arabs want to see that again in a hurry they are the ones who instigated it, they bankrupted many companies they have done it before, now they want Fortunes they love to spend show off they are actually worse than the US at that. So i say it will bounce off this Trend line and continue up, up, up and away. With out Oil the world would be @#$%^& are they making any more in a hurry. Supply and demand. That is my Theory and i stick by it : )