Here is what may happen if the market breaks the key support level that I showed on the chart below.
Well if one of those will occur (especially Cypher Pattern) then we may see a beginning of an uptrend.
The market seems to be a little bit confused, probably because of OPEC meeting and reaching a key support level. Here is some analysis of what may happen if the support would be violated or not.
The nearest strong resistance for TP on long position is somewhere between 63,5 - 64
If the prices will break the key support level, then the next strong support is 59-60