update on the Texas tea

This is an update on the bearish crude thesis running through April. I'm thinking here that we could continue the pattern of the past week where the price is run down into a partial extension and then brought back up by two fib level, only to sold down to the next fib. extension level. This would imply the price could be brought up to about 65.08, then sold down to about 60.32 later in the month. We'll see!