Following our daily timeframe overview (tradingview.com/chart/USOIL/1jgBEcOk-WTI-Overview-on-Daily-Timeframe/), we are currently in the process of seeking for a sell setup, as we believe that WTI TVC:USOIL is currently in a daily correction, which will bring the price in the 64 area and lower. From this moment on therefore, we will be looking for sell setups. Monitor price action closely as, after it has completed a first small impulse to the downside, WTI is at the moment making a small flag type correction, the break of which we will sell. If you feel that our analyses and views may be a useful complement to your trading strategies and in order to be notified in real time with our updates on the lower timeframes, please remember to click on the Follow button. Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down). Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.