There is a potential false bottom taking place
It will only be verified as a true bottom if it goes over 3600
My advice is to leave this alone until a clear signal of recovery takes place
If it breaks 3000 there is NO support until the 200-300 area
The reason for the prediction on where oil is heading is because the long term charts indicate that this is the 5th wave down which you can clearly see by the velocity and angle of fall.
It also means that it has to go below the last low of wave 3 which was 11
