In the weekly time frame I witness a very special key level which can support for more oil price drop out ahead. As we know Corona Virus became a very strong tool to move the markets and change the traders sentiment over the time and since it got started spread out. So with the trade setup I have worked here I see $43 is became realistic at this stage.
Your analysis looks god to me but if you draw long term suport line 49 was strong support and it bounced from there. I feel its going to hit 60+ soon. Virus effect fading. But fear is still there in market