As indicators shown negative (bearish) divergences except MACD its slowly moving to cross the red line..
AB=CD pattern completed , oil can go down to the first target then to second
We don't need complicated analysis... raising wedge broken!! may be bull back to the down trend or continue falling
USOIL scenarios all are leading to short OIL.... the shark pattern, 5-0 pattern, ABCD & reverse head & shoulder
There are three scenarios for butterfly patterns, I think the RED butterfly more realistic ...