WTI Crude has hit resistance at 4580/85. Exit longs & try shorts, with stops above 4615. A good chance we turn lower from here to resume the bear trend, targeting 4535/30 then minor support at 4499/94. Further losses meet strong support at 4440/30 & a bounce from here is expected.
A break above 4615 meets 2 month trend line resistance at 4640/50 & another big challenge for bulls in overbought conditions. Only above 4700 opens the door to further strong gains in to the end of the week.