Crude Oil Futures are showing clear signs of bottoming out in this current fall. Current price is $52.86. Aggressive traders can go long even at current price for Target 55 and Stop loss 50. A clear bullish signal will come above $55, and crude oil can go upto $60 before facing fresh resistance and selling pressure. Observe the 50 day simple moving average (SMA), which is currently at $60.50 and its sloping downwards gradually. Once crude oil starts trading above its 50 day SMA, a fresh upmove can take it to $72. Long term support levels are around $45 on the lower side. Therefore, $50 is the absolute stop loss for any long trade as of now.