12 dollar would be a retest of the 1999 low, and a new millennial bottom.
You could also argue that the worst is over in oil and tripple bottom is in play at 20.
Or we hit 50 dollar and the longterm trend has turn for now.
Probabillity leaning towards the downside since we are in a downtrend 60/ 40
if more downside, target would be at 23 and 20, but with an "option" of 12 dollar
What do you think?