June Crude is trading slightly below $93.50 support again today. While this is below support this is not a clear breakdown. Note the false breakout over $105 in early May that failed. This 'breakdown' could also be a false signal. Price needs to 'clearly' breakdown and hold below 93.50 and continue lower to confirm a breakdown. Meanwhile the RSI 21 is tagging the very oversold zone of 30 and curling back up which is a rare event and tends to see price bounce back when seen. Also note the pronounced positive divergence on the CCI 20 at new lows after tagging the very oversold zone of -200. While this doesn't mean oversold means to 'buy' it does suggest a warning or caution if short as price could very easily bounce back sharply with these technical conditions. Something out there just might get Crude bouncing back again soon. The pullback of between a Fib 50% and 61.8% is also typical of significant pullbacks. Seasonals are still postive well into summer.