Two Day Rally In Crude Oil Ends With A Thud

January Crude Oil futures are trading lower by $1.50 at $36.85 in Wednesday's session. Its two day rally, that saw the contract rally from it multi-year low close on Friday ($35.62) to $37.35 on Tuesday has ended badly. After a lower open, it rallied and found resistance exactly at Tuesday's close ($37.35) and began to move lower. The ensuing decline is attempting to find support in the area of Monday;s close ($35.62, reaching $35.62 and is struggling to reenter the $36 handle.