DeCarley Trading futures and options broker, Carley Garner, explained to Jim Cramer, the host of CNBC's Mad Money, an $80 handle in crude oil futures is as likely as a hockey team from the desert making it to the Stanley Cup Finals in their inaugural season!
The Vegas Golden Knights might be playing for the cup against all odds, but crude oil futures probably won't fare as well in its attempt to buck the probabilities. As we explained to Jim Cramer on Mad Money on CNBC, we believe crude oil has a far better chance of seeing $55 before it sees $80.
Cramer's charts show there could be more pain ahead for oil from CNBC.
View this video clip to find out why being long crude oil is an overcrowded trade facing swift technical resistance and vulnerable to recent changes in the currency markets.
