it need more retrace at least,never mind that i think all last 2 years movements of it formed a bearish wedge
but in some market like Oil
that many different factors can push market can't really count on technical matters too much and with political situation between Iran and USA and new sanctions about Iran's Oil
can go forward for new highs but now it's really need a retrace and can short it with stop around $79 and first target is $70.58-$71.Don't think it go with one wave to 68 but it will make a impact
with blue line soon.
Don't want to enter it too much but with this price lvl in