If you check the link below you will the current view for what may happen with crude oil . But we are at a critical junction to see if that view is correct. We did get a good bounce at 5. But we have also had almost a 100% correction down from a. Now we will if there is a "c" wave up to follow or just further dropping of oil prices. I don't know which will happen. But seems like a good point to keep an eye on it.