I think oil will now bounce to test $94. I'm short term bullish; medium term bearish.
Oil took a hard dive "low liquidity run" through the previous swing-low which was taken out.
The next swing-low is $77-ish.
But we are hitting 20 week MA and prior old highs at the same time. Thus the slow stochastic weekly losing embedded (was above 80 now falling below 80)...