RE:RE:RE:Today's 2-3 o'clock moveBrent dropped to $48.40 overnight compared to yesterday where he moved to $48.25. Crewed on the other hand dropped to $43.90 after hours, below its yesterday low. Possible that crude could drop by as low as $41-$42 as the HOD continues this leg up into the 14 and $15 area. I have first resistance on HOD at 14.35 but the August 28 trading range looks certainly possible today. If the oil traders last one at 10:30, all bets are off. In three trading days the HOD Droped from $19 to $11. Now were back above the 50 day moving average but I am still cautious as this area between the 200 day moving average in the 50 day moving average has a history of staying there longer then what we think.