WTI Light Crude Oil Monthly Chart

Crude may trade to as low as $62.5/bbl, then
a possible higher to $80/bbl.
The major down trend may resume at this level
for eventual target of $20 area. Only sustain trading above
$80/bbl negate this scenario and may allow crude
to trade much higher.
However, below $62.5/bbl WTI crude oil may trade much lower.