Good questions?
On long time view we probably are ok but main question now is what's gonna happen NOW at opening .European bourses are looking to the US and are all at the most switching point right now.
If we can stay at these levels and go up again we have a double bottom made but if we fall trough then this level will be a tough one to brake again.CLL is also at a major level .Back at 1.25 again from earlier .
I looked to other major oil players like Total ,Royal D. ,Exxon etc.and they are today also lower but not dramatickly though they are higher then their earlier bottom in october.So the pressure is higher on CLL's sp then on the bigger oil ccompanies.