This is a brain storming exercise - Oil steeply came down since Oct 2018 and pulled back in January 2019.
Demand and Supply will decide the course of oil trend but in near future it is likely to stay low.
Still there will be lot of price action, trade cautiously.
Text on chart is self explanatory.
Market still is bullish and might try to level with Sept. 2009 mark of 4084. No doubt a major correction is due in next month or so. It may go down soon then back up to 4100, be careful and check other time frame charts before getting into market.