oil price developing in a parallel channel approaching the $42.0

after the massive selloff from this week, we see that the price is approaching an important support level which is respected multiple times
in history. all stocks and indexes are in deep red numbers and this includes oil too. on the other hand, we know that this selloff has also
an end. from next week, we can expect some reversal signs. personally I expect some little more downside movement to hit the 42$ zone.

watch for potential longs in the $42.00 zone