Over the course of the past week crude has broken below 2019 support(horizontal green line) and failed to move back above it as price heads lower in a steep downtrend(red line). The local low from last week is at $49.31(blue line) which is where stop-loss orders should be placed if currently long here. Short-term trend is bearish as long as price is trading below the technical and psychological $50 level. It'll be interesting to see how crude continues to trade going forward in the face of a potential global slowdown with China's economy taking a hit from the current coronavirus.