#CL_F, $USO
Just earlier this weekend I talked about watching these monthly trends I have on the chart.  We just touched one on this most recent dip.  This is kind of do or die territory for #Oil.  Break/hold below the 21MA(73.83) and my monthly trends and we are short down to 72.4, 72, 71, 70.5.  If the 73.6 bounce keeps holding we are long to test 74.5, 75, 75.5.  I'd like a reclaim of the 8MA(75.4) to start pressing longs.  Momentum is definitely on the bears side until we start seeing closes above that level (75.5/76) at a minimum.