Near Term Trend: Bullish / Neutral
As of 7/13/18 close: $70.58
UPDATE: Last week, I suggested shorting crude near $75.23 with stops above $76 and with a $64.48 target.
Crude peaked at $75.27 and has been tumbling since. This appears to be a 4th wave lower with projected support at either $64.48 or $57.82.
I would short crude on a bounce to $71.32 with stops on any close above $72.19 on an hourly basis and with a target of $68.25.