Happy Friday oil traders! Let us pause for a moment and remember those who gave all 19 years ago today... Let us never forget! With that said oil appears to have dropped and is hovering around the June low. There is not much support at this price range so will it go up or continue to fall? I am not sure. I believe it wants to continue back up to its $40-$60 price range and will eventually get there. However, with the market as crazy as it is right now, I think we could see some further downside before that happens. If oil continues to drop I believe it will settle at a bigger support line around $30-$32 range. I hope this helps. Trade responsibly, and have a great weekend!