Hi Eshmun, Chart below. My take using the standard futures chart...

Hi Eshmun,

Chart below. My take using the standard futures chart for WTI is that it has broken down from the neckline support level around $44.30 and the theoretical target from the double top should be 37-38 or around the previous low. There doesn't seem to be as much strength in this down move though. Often I find when looking at double bottoms when the first bottom is a sharp reversal (usually a panic type low) then the second bottom settles around the level when the panic set in . I put that around $41 on the WTI chart.