WTI Crude first resistance at 5340/50 is key to direction and shorts need stops above 5370. Be ready to buy a break above 5370 to target 5388/90 then strong resistance at 5430/40. Try shorts with stops above 5475.
Failure to beat first resistance at 5340/50 targets 5305/00 then good support at 5275/65. This could hold the downside but longs need stops below 5255. A break lower targets 5230/35 and 5210/00 before last week's low at 5181/5172. Try longs with stops below 5150. A break lower however is a sell signal targeting 5120 and perhaps as far as 5085/80.