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Crude Oil Historical Prices ( 1860-2015) 128 Major Correction 2 Major Correction 1 Impulsive _ _ _. = = = = = 64 Uptrend (

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Crude Oil Historical Prices ( 1860-2015) 128 Major Correction 2 Major Correction 1 Impulsive _ _ _. = = = = = 64 Uptrend ( 1910-2008) III 7 Correction 2 32 16 _Floor for crude oil _ IV prices downtrend 8 10 USD/bbl USD/bbl | Correction 1 2008 - current 2 7 Years 1980-1998 0.5

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