Oil slide may continue if recent trading history is any guide

WTI crude futures are off more than 6 percent in five trading days.

What happens next? The washout may continue, if recent history is any guide.

Oil had a drop of this magnitude or worse in 5 days 12 times in the last one year, according to hedge fund analytics tool Kensho.

Here's what happened during the next day of trading, on average: