A plan that incorporates Brexit Extend gains on positive EIA report to 52.4 Brexit Remain vote push to 56 Brexit Leave vote drop to 47 1st week of July, assuming summer season draw downs are over, start to see oil decline through to mid August. September, anticipate a rate hike. Price begins to rise slowly though december
If there are no large surprise events (more dramatic supply disruptions), then the next hard resistance is 50.93 and the price may break the wedge or move forward. The Fed decision on USD is the next big event and not likely to have any impact on the movement in the wedge. The Brexit vote is the next big event on June 23. That will either accelerate the movement...
Mirror reflection updated showing two potential paths - one a correction before a new high, the other a new high then a correction back to 43, then 37-38, then a gradual climb back up beyond 50
This is a reflection of the downward trend over time - the uptrend is running ahead of the rate of it's downward movement in the past.