After massive drop in oil price which the main reason for that -fundamentally- still complected due to many synaptic reasons like the base concept of supply and demand theory , china growth slowing and unstable political condition in the Middle East .
For Technical analysis ,the chart shows potential bullish impulse as based in following :- 1- Valid Carb Pattern. 2-Valid two ABCD pattern 3-The trend hit the lower level for the bearish channel. 4- Valid RSI Regular divergence.