Sometime mid last year i did mention about oil looking at the 10$ handle. Though i expected market to touch the 100$ before the imminent crash it turned around 75$
With market touching 10$ whats next.
According to the the current 4 hour charts, wave 5 is now under construction and would have completed the pattern. Targets in the mid 30 seem likely.
In conclusion, crude oil is headed to new lows in the short-term, but most of the but most of the crash is behind us already. A bullish reversal can be expected soon