Mark your calendar folks, September 19/20 for the FED's FOMC. Given the volume profile right now, we're in a pretty fair value range. Going up/down $5 within this range will determine its trend for the next few months to years.
I'm having a little bullish bias here, but we'll see the market says soon... If oil does broke out, watch out folks! We're in for $90 oil again. Likewise if it does not, $26 re-test here we come!