I know there was a thread on crude not so long ago: https://www.elitetrader.com/et/threads/is-oil-seriously-undervalued-right-now.337406/ However, conditions in the CL market have changed this year as we started out the year with a price near $65/bbl. We are now around $51 and recently moved below $50 for a short period of time. $50.50-51.00 appears to be a support level. I think OPEC has drawn a "line in the sand" at $50....so I suspect they'll announce production cut-backs should prices continue to decline from here. This could make shorting this market pretty hazardous as they could announce at any time. Anyone else feel the same way ?