This is my view on the wave structure of Crude. We need to trace out one last subdivision of the decline, which needs to bring the price below the prior low of 26.03. The time band for the end of the decline should ideally be mid June-end July and should occur at roughly the same moment as the low in EUR (1.03-0.96).
To address the decline I bought some puts exp.16.06, strike 32.
To address the decline I bought some puts exp.16.06, strike 32.