Take on Oil . shorter term time frame to follow. Smart money is extremely short OIL at these levels so longs beware.
Breakdown with pause in the drop at the 50d MA and then hold so far on support shown at $58. I would expect backtest of the 50d MA from here. High volume selling but fair push off the lows on last two candles. A denial of the 50d MA and prices could see lower trendline test. Volume and price are key at pivot points.
I think we've seen short term bottom. expect a test of breakdown or channel bottom before a rollover to ICL