In the following my thoughts on oil. History repeats itself, i took all the black arrows that you guys see in the charts and clone them and measured out the following drop. all the drops had about the same percentage of loss.Additionally, oil continues to trend below the 15ema and continues its bearish path.
Next i see oil coming down to about 67 and we will watch it closely from there.
if you have any questions please feel free to ask, im here to help!