WTI did not make a new low or a new high this week. This is a sideways movement that will take few weeks to finish. On weekly chart, we would like to believe that Crude oligarch still want to push price of WTI up to $60 again. That could be the end of the correction ( B position). C position is used in case price o WTI drop down again .
I disagree. Until the Fed stops increasing interest rates, we will continue to see a downward trend in oil and stock prices. Even Trump said that the Fed would be foolish to increase interest rates, however they don't seem to care about his thoughts. I see stocks continuing to fall well into 2019.