July Crude continues to hold below the downtrendline resistance. Price did bounce off the early June low of 81.21 support but still hasn't signal a change in direction OR a breakdown. A close above that downtrendline would be a bullish sign but a close above the recent high of 87.03 would be confirmation of a 'price' breakout and be far more meaningful than a simple angled trendline breakout. That is also the 20ema resistance as well. Meanwhile price is extremely oversold which is rare. A turn is very close by but a 'washout' to 77 could occur 1st. Best to let the chart tell the tale......................