Oil on its fractal track

It seems we will see a repeat of a fractal pattern, which is sideways coiling before the up-move. After a smooth expiration of this month's contract, I do not expect a collapse of oil price right now before we have not reached the last resistance area (green line). At that price level (green line) it will be difficult to justify further price movements upwards because of physical realities and because profs will definitely have better profits by moving the price down before rolling over into the next contract. To me, a total collapse into negative prices will not happen in the near future because profs will be watchful not to spoil business and because supply and demand is almost balancing - though, crude stocks will be at a maximum level for a few months further on.