WTI Crude minor resistance at 4920/30 but above here re-targets quite strong 5 month trend line resistance at 4980/90. Shorts need stops above the recovery high of 5041. (Watch for a double top high & sell signal). A sustained break above the 5041 high is obviously required this week for a new buy signal initially targeting 5095/99. There is a 15 month trend line within the 5120- 5130 area. Try shorts with stops above 5200.
Failure to beat minor resistance at 4920/30 targets 4870 before the best support today at 4850/40. Again if you try longs, stop below 4815. A break lower is a sell signal targeting 4790 & strong support at 4730/20.