I'm just looking at the rise from that red circled area. Was never fully covered. Is debatable. http://i.imgur.com/Crgfkq4.png more below as well. 47.20 and of course, 42.00, the double bottom. Long term oil price trend line makes me believe 47.20 is the lowest possible one to get hit, and the 42.00 won't be seen. here's the chart for why I don't see it going lower than the 47's. Dates back to 1999. http://i.imgur.com/AxQ643P.jpg