Oil hits the final target zone of my previous bearish setup ( bearishAB=CD and rising Wedge pattern).
Now 200 days MA line is being tested along with weekly structure zone.
Interesting potential Buy Zone that can lead Oil towards 46$ again.
I think that we may see another squeeze down. It won't be that easy... If you are looking at it from a longer term perspective yes... Friday's price action showed that there's some buyers interest inside this Buy Zone - This week's data and Oil inventories can be the trigger