Not so long ago I heard big investors saying that they would buy Oil significantly below 80 and sell significantly above 80. I also read that anything below $28 and that the financing for oil projects became too expensive and oil producing nations would not be able to maintain any production. My plan now would be to wait and see if 56.50 held, then buy a pull back at 53.0. Then hold all the way to 80 Resistance for me is 56.50 , 62.0 , 77.50 & 85