May Crude broke below 104 support in late March and remains below with bounces up to this now resistance price pt and the falling 20ema. This is also the 50ema as well. Lots of resistance at this 104 level to overcome. Price would need to clear and hold above 104 to suggest a rally to 106 and 107 resistance. The CCI 20 oscillator did reach very oversold territory with a postive divergence like previous significant price lows which is a positive sign. Bottom line is price is king and needs to clear 104 and hold to suggest the rally will continue again higher. Accomplishing this would also see price above the 20ema and above the 50ema again curling the 20ema back up again without crossing below the 50ema which is also bullish. Failing to clear and hold above 104 will confirm the downtrend is intact from early March and would see the 20ema cross below the 50ema. So far this hasn't occurred. Seasonal trends are basically bullish Crude right into Aug/Sept historically. Critical turning point test here in Crude.