Where will oil go from the view of harmonic pattern? LIGHT CRUDE OIL FUTURES NYMEX:CLU2016 zhipengcfel Oil rallied from 26.05 to 51.64 for 119 days. Then it topped at June 8th and started the correction until now. Where is the target for this correction? A potential cypher and a bat pattern are forming. Target for this two harmonic pattern are extremely the same which forms a strong potential reversal zone at 40.2~40.8. Pay attention to the decline channel and the red decline line. Good luck for everyone!