Reversal time for oil, or one final leg down to come
Neat little comparison with 1/USDSGD from back in 2016.
This can be how reversal patterns form. If oil manages to keep strength into mid April and move into a choppy shockwave that kicks people out, then theres a chance of pumping and reversing even more damage above $34.
If he continues to follow a similar structure to SGDUSD then we can expect new lows going into the end of April - potentially the final low of oil around $18.50