Crude oil is trading sideways which usually means a correction, so we are tracking a bearish triangle pattern which can be approaching the end once it completes the final leg E that can stop around 61,8% – 78,6% Fibo. retracement and 53 region. That said, watch out for more weakness on crude oil while it keeps trading below 54.20 level.
Crude oil, 1h
crude oil, intra