Oil has clearly violated the 32.98 level, which should usher in 31.11. I wouldn't be surprised to see a touch and bounce off of this level. I'm still very on oil , but we're due for a bounce. As such, I'm advocating staying short with a quick touch target of 31.11 and very tight stop at 32.98. This is >4x risk/reward trade. Don't get married to your short. Remember, you need to trade the market you're given!
In the medium-term I still see oil testing support at 30 and 25.