Looking at the week-chart of Brent Crude Oil Future on basis of last week’s close, I see a triangle formed as from the decline in 2012. After this decline, lower tops and higher bottoms followed up each other until June this year. Once the future broke the ascending trendline of the triangle, support was hard to find. Even the horizontal support-line through a top in 2010 and a bottom in 2012 could not prevent the future going lower. After retesting this horizontal trendline end October this year, the future continued its dive to the next support line just below USD 70. I expect support around this area for a while. The RSI shows an oversold market so a consolidation or correction to the upside should indeed follow. Watch the sharp descending trendline as from June this year. Once this line is crossed, the consolidation or upside correction has started.