Forming harmonic pattern. It is only technical picture of falling crude. Without any fundamental bases.
inclined red line is resistance and and pink bat almost completed. I think short time
if the price turn 43-43,5, it will strong signal by the grow. just two patterns are forming , the bat (pink) and the butterfly (grey) with target 57-59. sinking below 43 opens way to 37( green line), but it seems incredible.
Rebound is ending. turn down to 1860-1820. classic butterfly.
It seems to me the price turn around 65 and stars forming wave 3.
I think the fourth wave is began and makes rebound to target 75-80. It should be strong movement
I think, after new year's growth, the correction abc is begun