Based on today's price action and previous study.
Most likely a same narrow range day tomorrow.
The strong correlation with Equities (expecting more weakness) will also have an influence, or vice versa.
The alternative.
If everything turns positive (not most likely, but always expect the unexpected in this business!) Crude will maybe pop back in previous channel, foming a serious longer term bottom or sideways pattern.
Most likely a same narrow range day tomorrow.
The strong correlation with Equities (expecting more weakness) will also have an influence, or vice versa.
The alternative.
If everything turns positive (not most likely, but always expect the unexpected in this business!) Crude will maybe pop back in previous channel, foming a serious longer term bottom or sideways pattern.
