WTI Crude has held important 7 month trend line support at 4260/50 and we do have a short term buy signal. Holding above 4360 is more positive for today and targets 4400/10 then the strongest resistance for today at 4450/60. Watch for a high, but shorts need stops above 4490. A break and close above 4460 is another buy signal and 4505/15 then 4540.
Failure to beat 4360 means we are likely to trade sideways as we try to build a short term base. This risks a slide to first support at 4310/00. We know that important 7 month trend line support at 4260/50 is key to direction for the rest of this week.
It's the biggest level of the week and therefore longs need wide stops, I would suggest at least below 4220 (which actually held perfectly on Monday). Just be aware that a 2 day close below 4260 is a sell signal.