I do anticipate CL to reach 61.00 and under forward. Under 57.00 would place me in a downtrend. My down call from 2015 putting in it's possible second leg down.
We also have YM at a key level from last week of September 2018. It was the last support to give the All time high, now we are testing it from the bottom, should be resistance this time. Also the 4 hour chart there has been in sideways distribution since end of Feb. We had a 70 point drop on the ES when we hit a similar level on March 21st. This together with CL looking like breaking, might be the turning point. Lets see.
Also, forward looking, many would think that I am a bit aggressive with this, but my analysis of crowd sentiment, is not weak yet. The smart money could very likely be taking the other side of the bets early in the game, but if I am interpreting the sentiment, fundamentals, and technicals correctly, maybe calling a bear market in a couple of years forward, would sound more convincing to me. All else is noise...until proven correct or wrong.
I want to thank you for your detailed reply and the effort. Will definitely think about this and take it under consideration.
We'll have that hurdle again to get through at 73-74 on our way into the 50s should we be that fortunate today.