Crude Oil is showing reversed formation, furthermore CL1! is in two .Seems like a matter of time before the bull breakout will occur.
My prediction is that we will break the smaller and fall to approximately ~57,68. The 4h (and up) chart is indicating the bears took over the market, and seemingly will continue to do so. I am currently short from 60,4
NOTE: This chart shows my perspective on the possible scenarios on oil . These are merely ideas provided for public opinions/discussions. Trade cautiously.