VPOC = volume point of control. The trading range occurring mid-November 2018 shows a tremendous amount of volume being traded. It stands to hold that this will be a point of control and subsequently an area of resistance. looking to test at least previous lows where a lot of volume was traded as well and will look for strong price support in this region. It could take 1 month or two, by then OPEC will have cut a lot of supply hopefully and prices will rebound. If OPEC fails and the market is still plagued by incessant supply and lacking demand, look for more bloodshed
