Kautilya
Short

Oil is still like falling a knife - further room to fall.

FX:USOIL   Crude Oil (WTI)
197 2 2
Depends on Geo             Political, OPEC, Fracking, Shale, tar and all various means together. 60 may act as resistance level and if downward spiral continues which is - oil             may reach those dotted lines.. and in extreme case below 40.. Time will tell.
2nd target also met. Further slide..
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Further room to fall..1st target met.. onward to rest.
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