Crude

What the hell pattern is crude in? I'm not real sure folks, but here is a wag.

This market appears to be tracing a combination of some type. I show a zigzag/flat/triangle on the chart.

A double zigzag down to (w), then an expanded flat up to (x), followed by a triangle for (y).

Notice how range has really started to contract the last several days. This is a big chart and if we are tracing a triangle it would appear that we have several more days of choppy consolidation.

This pattern would suggest that resolution of this mess will be to the upside.

Any trade through the 81.06 H or 76.71 L will invalidate this view.

It's also possible that this is just a simple (a)(b)(c) structure and we have put in i and ii of (c) down.

As I said above, it is entirely guess work on my part.