There is a clear pattern on crude over the last 29 years.
The falls are becoming less step creating a descending triangle pattern.
Expect oil to bounce back up from the lows close to $30, since oil is not becoming obsolete anytime soon.
Upward price movement may be limited to around $60 until we see some dramatic market changes over the coming years.
However could a severely collapsing market drag oil to close to $20?
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