WTI Round 5: The current candle is the 5th one that has tangled with the Bearish Trendline (in red dotted line) in an attempt to flip the market bias from Bearish to Bullish by going to the right of the trendline.
Watch to see if price action will rise towards the high of the Inside Day at 68.694; drop from around that price level to retest the Bearish Trendline and then head back up towards the Swing High of 69.199 and go higher.
*Side Note: Notice on the chart how that Pivot Low at 68.129 was a key price for the candles to have trouble "clearing" beyond it and using as a support area. Keep that in mind in the future if the candles cross this level again.
USOIL I accumulate shorts in anticipation of breaking the support at the 66-67 level. Everything is bearish on oil. Invalidation at a closing above 71-72. Target 61. Crude futures