Crude Breaks Through Support Zone
The daily bar chart shows Crude breaking down through a support zone. Also, the RSI is below 38. I consider RSI readings on a closing basis below 38 to be a sign of negative momentum and sets the trend to down.
The TradeFlow chart of the crude oil traded on the Globex shows that sellers are dominating based on the TradeFlow Cross Study. Keep an eye on which line is forming the highest peaks, the buy volume line (green) or the sell volume line (red) for an indication of the short term trends.