Price stabilize recently but far from get on strength.
Oil is still a subject to be corrected further and trade 50-60 range.
I will be watching for signs of price getting capped by MA 200 1h
We cannot rule out bit stronger rally near this year highs before retrace, so no position atm but instrument under watch
Update 22th August
After today powerful rally we can have good short opportunity towards bottom of this wedge.
Breakout from can push price higher towards 70 price mark but over all favor is on sellers side
Supports and resistances: