Oils trend puts at floor on Oil at $72Oil has been on one massive sell-off starting Nov 4th when Oil hit $93 and has lost more than $20 and Oil stocks can take a breather today from Oil hitting $70 so is this now the bottom? was $71 the finish line for now? I see this as a good sign that Oil has been trading flat since Wed and in this world that's called support at $72. Overseas dumped on their exit but only drove Oil down to $71.60, which shows me that they never expected Oil to trend lower through today. This support could see Oil open higher Sunday night and even with the FED meeting on Wed Oil has already been calculated in for the FED move. There are always going to be wildcard reasons for Oil to rally and if anything should happen even over the weekend Oil would rally with a vengeance because it's been pushed down so far for so long that all the money sitting on the sideline would rush in and would create the mother of all Oil rallies especially if someone sabotages Russias Oil pipelines the same way Russia is targeting Ukraine's Energy Infrastructure. Then you can count on OPEC making a move and if they come out predicting that there will be further cuts Oil will hit $80+ fairly quickly so we could see Oil slowly climb as we head towards Jan. I'm seriously thinking of buying a little more than a handful of BTE, CPG, and ATH because at these prices if you're going to take a risk it's when the SP and Oil are at their lowest of the week and there are always options after buying, you could average down if Oil does hit $70 or just hold and wait for Oil to rebound and odds are fairly good that Oil will take another run at $80+ in the future and this is when money is made is when you buy in the eye of the storm. Law of physics, buy when no one else wants it, Warren Buffett GLTA