Gold seems to be done going up. rsi is tired), dxy going up, economic sentiment is pretty positive... this could be one more wave down to 1100-1130 levels... watch if it breaks the wedge down.
This is what I see on the chart. Elliott ascending horizontal triangular with false breakout ending. correct me if i'm wrong, but this might be a nice opportunity for shorting oil 0.90% . Although this prediction ignores FIB level (.382) of around 60-61 usd. This might be a second version of the false breakout. But I will stick with a sharp Short with first...
Sell around 2350-2400 or after retracement and (or) channel breakout
S&P is in the end of 5th Elliot wave structure. Be cautious: the long term UP trend is about to reverse.