Oil short before going long LIGHT CRUDE OIL FUTURES NYMEX:CL2! shell_kp Oil will be in range between 40$ to 45$ for some period before and then can go long till 60$. Bearish force is yet there since it touched the mark of 50$ per barrel. There is no such major fundamental support rather than the long going supply concern for it to break the level of 40$ per barrel.