Looks like a short term bounce may happen after oil hits the $43 range and can jump back up to the $45-$46 window....just follow wedge pattern being formed in the MACD and it should give you an idea for your exit or entry depending on how you are trading (short, buy, etc.).
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Quick update....as the MACD did not set itself up for the wedge pattern due to the price dropping more, the bounce back is now set at $41 going of off Fibonacci Extension and Nov 2016 low.