Crude Oil went in oversold territory on the RSI indicator last month and left it just for a few sessions. The commodity made a new 2015 low and closed last Friday below the double bottom that worked as a support. Crude Oil might test 40 and then 37.5. In case margin calls and panic selling condition will be created, the commodity can reach 33, its seven year low, the minimum price level traded during the 2008 financial crisis. A rally can lift Crude Oil to test 43.9 and a breakout of the short term supply line can lift Crude Oil to test its 55EMA and then its 200SMA, now near 54.