4 hour log chart: Shorter term update on my view of oil

FX:USOIL   CFDs on Crude Oil (WTI)
252 4 3
Here is my current view of crude oil             . I still think there is a good chance of another pop up is this a contracting triangle that is now forming (which is often seen in 4th waves). If we first get a drop below the level labeled ".1" then I am wrong.
Oil futures turned higher on Wednesday after the U.S. Energy Information Administration reported a 3.4 million-barrel decline in crude-oil supplies for the week ended May 6. The American Petroleum Institute late Tuesday had reported a 3.45 million-barrel increase, while analysts polled S&P Global Platts expected a 300,000-barrel increase. Gasoline supplies fell by 1.2 million barrels, while distillate stockpiles were down 1.6 million barrels last week, according to the EIA. June crude CLM6, +1.84% was at $45.12 a barrel on the New York Mercantile Exchange, up 46 cents, or 1%. Prices traded lower at $44.22 before the data.
Given the price action since I originally posted I think the side ways action the last week or so may be an expanding triangle. Should know in the next day or so.

we are waiting for the jump
goodguy Ahammadi
Me too.
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