When markets trend higher or lower, a lot of times short term tops and bottoms will look very similar. I think we are seeing that setup in Crude Oil right now. It looks to me like Crude Oil is setting up almost exactly like we saw in July. Lower high then a breakdown of 10 and 20 day SMA. If this recent low of 78.25 gets taken out I think we see a quick sell off that will most likely turn into a buying opportunity. I lay out how I am trading CL in this video.