77.50 appears imminent as this level goes back to the deepest throws of the Euro debt crisis of mid 2011...... are we using less oil in the US? maybe.. in the world? no. am i fan of lower prices of fuel.. yes... do i think the nature of this fall from 105 to now 80.87 a BBL in a mere 1.5 is indicative of a healthy market? no.

4 hour CL_F