Is it possible for OIL prices to fall below $ 40?

After falling from $ 107 to $ 26, the price stopped at $ 76 in a bullish wave. After falling price below $ 12, it was able to cross the $ 76 area in the next uptrend. We are currently waiting for the price correction. The ranges $ 46-43 or $ 36-33 could push the price towards the $ 103-108 .