WTI crude getting very overbought but until we see a sell signal it's too risky to get short. If we can hold minor support at 4800/4795 we can re-target 4865/75.
A break higher not out of the question this week and targets 4930/35. Exit longs on the approach to this area and try shorts from here up to 4970/80. A good chance the short squeeze ends here but we need a wide stop above 5040.
First support at 4800/4795 but below here targets 4765/60, perhaps as far as strong support at 4700/4695. This should be an excellent buying opportunity for today but longs need stops below 4670.
October first resistance at 4850/60 but above here keeps bulls in control targeting 4908/18 then August high at 4931/36. A break higher targets strong resistance at 4970/80.
Strong support at 4780/70 could hold the downside in the short term bull trend but below here look for a buying opportunity at 4720/10. Longs need stops below 4675.