Why I see Crude Oil back to $114Crude Oil FuturesNYMEX:CL1!HowToChartIn this short-term timeframe, we see that price reached the Lower-Medianline-Parallel to the tick, coming from above the Centerline (dashed). The failure above the CL—indicated by the HAGOPIAN (the missing of the next line)—was the clue once we saw the close below the CL. Currently at the L-MLH I observe the «Pressing». If the pressing line holds on a break & pullback, we will either get a big bounce to fill the GAP at roughly $110, or potentially even higher, back toward the white CL again. But if we see Crude open and close below the red Centerline, then the 1/4 is the first target around $80, followed by the Lower-Medianline-Parallel (L-MLH) near $70.