If oil exporters don't do any thing we should wait for scary prices like 30$. As long as the trade war is deepening this is most probable scenario.
Wait for the 50$, below it differently scary...
It's gonna be the third trend shift in last three months. Price has a 10% - 15% gap with its medium to long-term trend low.
Real economic situation is tough, Trade war has been exacerbated and expectations will be more and more toward more economics risk. So the long-term trend low is gonna increase and any decrease in price would be for very short-term.
