This is when fundamentals kick in, OPEC members will likely fight for market share with higher prices, so we can expect to remain range-bound for a long time.
I'll be looking closely at oil, to jump back in the long. I expect the trend to turn wildly bullish after we break up from this range. For now, it seems like the monthly resistance needs time to break:
It can break it by the end of the month, or in 2 more months, as a minimum, it can also take more time than that, but when it breaks up, it has between 46% and 140% upside. So, buy dips to the bottom of the range, sell partially at the top.
Price probably won't go too far down due to fundamentals.
This might be relevant.