60.06 is the low in Jan futures. 60.27 in Feb
The closest level on a break under 60 is the July 2009 low at 58.32, though I wouldn’t call it a particularly strong level
WTI monthly 11 12 2014
Coming out a bit further we have a decent looking trendline with a current price of 45.80
WTI monthly 11 12 2014
At the moment 60 is holding up and it’s another big psychological level. If it breaks then the move south could be swift
