We can see selling pressure on chart on crudeoil. AS it has broken Head n Shoulder pattern also major support line. Now Fibonacci level crucial support and Gann Fann line could act as reversal point for coming session. Till Any news can drive it up strongly. Play Safe :)
WTI crude is at Support level. Trading with positive divergence it may bounce from here.
A decisive break in of US OIL of 67 level can resume the uptrend. Gonna blast above that!
Charts show multiple build up ranges. Considering time cycles, we're are in short term bearishness. Which would change post a break out above $71.50 while a strong support area can be observed around $66 levels.