Crude Lowdown

How low is lower? Thus far the sideways action over the last 24 hr.s does not look encouraging for the bulls. The good news is it's looking a tad oversold very short term.
Hourly
click to enlarge
Note the pos divergence on the RSI.
As I type this it dropped lower.
Daily

Note the Fib support at around the 60 point. So considering how oversold it is here perhaps a little consolidation prior to testing that 60? Jack be nimble.

For longer term view see the previous posts.

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