There is a MACD divergence almost completed on H4 TF that most probably will bring the price below the green trendline, all the way towards the bigger red trendline support. From there I expect the price to keep dropping much further around 2017 minimum.
On a bigger Daily and Weekly TF's, I think oil is in a flat type correction with the B wave almost done at these price levels. From here I see it starting the corrective C wave, all the way down to 40$. That is going to be the area to look for long-term longs on oil for the next year.