15.08.12 Oil Price, Falling Knife? or Possible Rebound with Triple Bottom and Divergence of MACD?

Oil price looks like a falling knife in terms of fundamental issues including lackluster Chinese imports demand, foreseeable oil exports by US as early as start of next year, and possible continuous of USD appreciation as Fed would likely turn to be dovish under stressful circumstance in EMs.

Albeit most materials in oil market have signaled secular bear market, the chart of WTI is going with divergence of MACD for more than 1 month meaning possible rebound soon. If then, the trajectory would be with triple bottom on the technical side.

A little more than 40 dollar per a barrel seems so low in terms of historical level in oil price...
What would this mean?