August Crude which is now the most active month continues to coil in a very tight range above support and against the downtrendline resistance as well. This won't last long as after small bars come large bars. Recent lows must hold or expect a continuation of the selloff likely to the Oct/11 lows. A break above the downtrendline would break the rate of decline price has been in since early May but only clearing the June high of 87.30 would suggest something more substantial on the upside and suggest a low was in place for now. That 87.30 price pt is also the falling 20ema resistance that price tends to respect when under or over it.