If oil doesn't hold that 26 dollar level, which I don't think it will but, I've been wrong plenty of times so take it for what it's worth... I think oil could revisit levels from the 90's. The next support i see is around 17.50 and I think the momentum down has more room as well. Here is another bigger picture of oil, it's the only way I could express my idea.
Chart PatternsTechnical IndicatorsTrend Analysis

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