Crude Oil: 5 reasons for a further 25% downside

bulls left town Bloomberg reports

The most recent cyclitecnical analysis indicates that oil and its stocks are moving down in a protracted downtrend as economic activity subsides and layoffs happen across industries, rate cuts (to stimulate the economy) are being talked about, China is looking bleak, etc.

Heres my 5 reasons by looking at the Hurst cycles analysis:

1. Recent weekly price projection undershot upwards this year

2. Peak of 80 day cycle formed recently

3. Straddled (broken large cycle low prematurely) large trough recently, probably

4. A 40 week cycle is forming in spring

5. Price target projection outstanding at 40.00 to 55.00