Oil headed to mid-90s

Oil is breaking an important support- both the trendline and the important 200 EMA.
The next supports are below 100 and more specifically in mid-90s. This will be a big massive move down. At this time, Oil is down $7 to $108. It closed at $115 on Friday evening. The hurricane Gustav spared the oil refineries leading to this massive decline.

I am going to chase shorting oil stocks and long market and airline stocks. This is a confirmed action. I will be posting the stocks I will be playing today and during the next few days.

Good Luck !!