Crude Oil Prices have plummeted more than 15% off the June highs with WTI now probing a key support zone near the June close lows. These are the updated targets and invalidation levels that matter on the crude oil price charts (WTI). Review this week's Strategy Webinar for an in-depth breakdown of this oil price setup and more. Technical Outlook: In my latest Oil Price Weekly Outlook we highlighted the continued downside risk in WTI while noting that a break below support at 54.53 was, “needed to mark resumption targeting 51.60 backed by more significant support at the January reversal close at 48.24- look for a ... (full story)