Checking In On Oil by Momentum Trading with RaginCajunOctober 19, 2015April 15, 20200130 Oil is trying to kill me in more ways than one, but not I’m not giving up on my new position in $UWTI just yet. $45 is the level I want to see hold in crude, and believe it will hold. However, under $45, and I may take my loss in oil.