Oil At Bottom Of Range

 | Mar 16, 2015 11:31AM ET

I went long (NYSE:DBO) about two months ago and since that time, crude oil has largely been in a range. We are now sitting at the bottom of the range. Bulls may find it to be a good time to buy; bears may wish to be on the lookout for a break below the bottom of the range, which may set price in motion on its way to support at the low 30s.