![](http://photos1.blogger.com/blogger/3426/1040/400/011006%20crude%20oil.jpg)
Here is an hourly chart showing pit and electronic trading in February crude oil futures.
I think that the drop to 56.50 is underway and will probably take 2 or 3 weeks to complete. After that the market will probably try for the 64.00 level once more.
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