Near Term Trend: Bullish
As of 2/9/18 close: $59.05
UPDATE: Last week, I suggested selling rallies up to $67.33 with stops in place on a monthly close above that level and with a target of $45.
Crude oil has come down right along with other risk assets like stocks and copper futures. Crudes drop occurred before it could break out above key monthly resistance at 67.33. Any close below $57.70 will confirm bearish thesis.
Sell bounces to $63.06 with stops on a daily close above $64 and with a downside target of $40.50.