It looks as if we will continue to see bearish pressure, and the descending triangle suggests that we could move to the $40 level given enough time. A break below the bottom of the triangle or a resistive candle below $50 has me short...
Nice analysis... But I'm bullish until a daily close below 45.8 - 45.7 with high volume..... As you can see the triangle has broken down but the volume is very low on top of that in descending triangles there is a higher percentage of triangle breakout towards the direction trend enters and also in all type of triangles breakout a high volume should be their to support however there are no guarantees, So best of luck buddy :)