Oil is showing signs of exhaustion on 30 mins chart at current levels of 50.13.
Trendline break plus negative divergence on RSI makes it a good short term short bet for target of 49.40.
Keep strict stop loss @ 50.55
CL1! has been trading in rising channel pattern. The prices have tested the lower band and moving northwards. The minor hurdle (black dashed line) at $46.50 if cleared by Bulls (on closing), we might head towards $54-58.
