I believe that we can see more downside on Oil and will be a confident buyer at $25.13-$23.61 and $17.63-$16.11
Great zones there for buying Oil which are the only 2 key supports that I see now that we are below the $30 mark. I expect further downside.
Just an update from the above on the strength of those support zones down there. This chart is the monthly chart and shows previous solid bounces from these zones which lead to the price of OIL racing above $100.
So those levels I mentioned was not just random levels, they do have relevance to the market price action history.