Russian President Putin said World Economy will be collapsed if Oil Price will be below $ 80. (Cf.: youtu.be/CCJvi-zLEhQ )
However I would say that it will be declining down to TP 1 ( 71.51 ) at least. Because its Diagonal B-abcde was broken..... TP 2 (approx. 61.10) will be also possible and the worst case is Red Alt. (C ).
On the other hand, Total wave (B ) is consolidating within the Green Zone ( the bottom will be as same as TP 1 as of First week of Jan. 2015), therefore it might be able to turn up dramatically to the Blue Alt. (C ).....What do you think ?