Recent waves show us Oil will likely follow it's direction for 48 hours. With the last heavy bear candle on the 4h I feel as though Oil will likely clear 59 by this evening and settle in the low 58's. A clean break below 58 and I will readjust stops to break-even and watch 57.
Head and shoulders forming. Expecting right shoulder to take us into 57 and below. FA regarding current supply is not helping build price.