![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg86gcOmuJ-4WvPZfTkBmFyYUuRW2AQREX6p8jxn8mi8fPewx97aT7KWrxr5Mr3uci3KZUq4YSOOqaSNsSnoI4TQKEG2CHgAg3rv2RjItzZ-XdqpbmBG_Tafi0waOwU3NOj0x-h6CT90vU/s640/Crude+oil+weekly+chart.png)
- Crude oil 4 hour chart shows price trying to form a bottom formation. More strength if price stays above 42.22 levels. Weakness if price falls below 41.06
- Daily trying to stay above 200 Day SMA. Further weakness in daily time frame only if price falls back below 200 SMA Again.
- Weekly Inverted head and shoulders depends on the Daily 200 SMA. If bulls hold above the right shoulder of this Big pattern is possible.