Cannot draw conclusions from just a few days but I remain hopeful the bottom will not continue to fall out.
http://www.marketwatch.com/investing/future/crude%20oil%20-%20electronic
http://www.fool.com/investing/general/2015/01/17/weekend-crude-oil-article.aspx
It (oil) has been "trading sideways" for the past week, meaning that it goes up a little, then down a little, so on and so on. This typically means that the bottom has either been reached or is close. I think it may still go down a little, but the majority of the damage is done.
Everyone thinks it'll go further down, that's my signal that it'll go back up