Highlighted in blue are previous levels where you could expect traders to place their stops. From these stops we have seen numerous reactions in the past.
Crude oil has shown on the weekly and monthly chart to be in a contracting range, so liquidity has an increased importance for this market.
I have shown the rising long term , and at the moment we are in the bottom part of that range.
Due to time symmetry of this lowest channel and this increased liquidity, i think it could be possible to see a return to a scenario over the next few weeks.
With a break of market structure as confirmation, i would then begin looking for buying opportunities and day trades.