francine: thank you so much, alan crawford, the european government leader.ng to be a very busy wednesday, oiln at the lowest in seven years, and the biggest jump in the rand since 2008. mark is turning the markets. mark: seven days of decline for crude oil. this is the chart that matters. it is down by 14%, the worst run since july, 2014. what i want to do is tell you possibly where oil is heading. we are doing technical analysis, something i haven't done for a while on charging the markets. a simple chart. daygreen line is the 200 moving average. the purple line is the 50 day moving average. all of you chart heads out there will no one thing for a short-term history positive should be above longer-term history. the fact that the 200 day moving average is above the 50 day moving average is not good for momentum. look below here. this isn't so bad. this is the rsi. this tells you whether an asset is oversold or overbought. any figure below 30 shows an asset is oversold. it is at 26. the relative strength index is telling us that oil, francine, is oversold, bu