The 38.33 downside target flagged here last week is as compelling as ever, although the corrected number is now 38.22. You can bottom-fish with a 38.24 bid and a stop-loss as tight as 38.06. If the expected bounce from the target hits 38.98, switch to a 15-cent trailing stop. Minimum upside objective: 39.35. _______ UPDATE: Crude has fallen sharply today, producing a so-far low at 38.03 and a subsequent bounce to 39.02. You’re on your own, but anyone who used an initial stop-loss greater than 19 cents should have booked at least a partial gain, since the rally off the low went 99 cents.