As we can see from the chart that we are about to have a major breakout out the STL for the bears to come in, with the price projection we can see oil get to 60.00 level if all things are equal then 50.00 level is not far fetch if the OPEC meeting goes south. Now we can see that oil has broken 50 level and heading to 45.00/43.10 level where we would see a short pull back and then price head to 39.00 level which would be a level to expect the bulls to come in,