Crude oil prices seem to be making a significant bottom now with last week's low at $87.01 (Sept. contract chart). We are in two overlapping reversal zones this week, and a medium-term cycle bottom is due in this market. I am going to enter a long position in crude now. Prices may be stabilizing now above $90. We will be concerned if they start closing below $90. Our stop loss can be based on prices closing the week below last week's low ($87.01).