As you can see in the chart, this whole down leg (from mid November) has been a sequence of break support, make lower low, retest breakout level (support turned resistance), break support etc. You can see in the chart where each retest has occurred and we are now at that level again. We are also ~$10 off the 10 November 2013 low. To me this says we should see a topping movement and head down again.
Note: the background trend lines and numbering are from 4xForecaster's Wolf Waves pattern. I had also published a version of this before we achieved point 4. Refer to the links below.