OIL Lower Parallel Line Breakdown Update - December 12, 2014

Crude Oil Broke the 61.8% Fibonacci retracement level support and currently sitting at 1.382% of Andrew's Pitchfork (Green Dotted Lines). If the 1.382% of Andrew's Pitchfork will not hold next major support is at Hagopian Line/Trigger Line of Andrew's Pitchfork which is around 45 level.
Check here for previous analysis http://pse-news.blogspot.com/2014/11/oil-lower-parallel-line-breakdown.html