USOIL: A Small Correction Or Is It Time For Bearish Movement?

On the previous analysis, we saw that oil looks like it is near the end of the bullish movement.
The price is close to the top of the larger daily structure.

We can see the price rising up to 90-92 if the price will resume the movement of the predominant trend again.
I do not expect any strong upward movement until 90 - 92.
We can see it moving higher by very small steps if that will happen.
Another potential scenario that I am looking at on the 60 min chart is the potential for the price to move inside a range before resuming bullish movement again.

Inside the Range:
Also here we may face two scenarios.
Scenario 1:
If the price will test the lower part of the range at 86.50 it can bounce higher and reach 90-92

Scenario 2:
If the bears will be back stronger this time they may think that 89 was enough for the bullish trend and the price can break lower continuing in this way with the bearish expected wave.

Big trade will be on the downside.

Previous analysis:

Comment:

Comment:

Very nice movement.