With oil's third-quarter roller coaster ride, Jim Cramer turned to the charts to find out where it could be headed.
"Remember, I think the rebound in oil from its late August lows has been a major driver in the epic rally in our stock market, so it's imperative that we get a sense of where oil is going, particularly in the wake of yesterday's nasty pullback," the "Mad Money" host said.
So, Cramer turned to two technicians to read the charts and put the oil market into perspective. The first was Carley Garner, a technician and expert on commodities who is the co-founder of DeCarley Trading and colleague of Cramer's at RealMoney.com.
At the moment, Garner is hearing bearish chatter about oil all over the place. But in her perspective, the things the bears are focused on aren't exactly a surprise. Thus, the bearish view in oil is pretty much baked in, so the path of least resistance for crude is likely to be higher.