WTI (Crude) following the script nicely; a 'Low & Last' Close Tuesday NY.

WTI Daily Chart @ Close 01/10/2017

After initially retracing > 61.8% of the losses from recent $55.24 Highs; Crude has respected the reliable MACD Sell Signal from the 1st Day of Trade in 2017.
Proxy Global Equity markets will likely be 'along for the ride' following their recent ebullient yet not so far well founded rallies.
It's NOT early 2016 all over again; BUT it is still only 6 Trading into the Month of January...........
Aggressive & Prudent Tactical types are likely Short from said 61.8% retrace @ $54.04 with Minimal Pain (Retrace High = $54.32) & now some +6% P/L for 3 Days work.
Interim Target looks like $49.50 with the more adventurous Shorts 'scouting' for some serious early Year scores circa $47 (+13%P/L!)