The Current Oil Square USOIL working the 1/3-1/2 square both price and time wise from the recent high. You can see the dashed horizontal support and resistance lines based on the aforementioned square range of 1/3 to 1/2. If bulls manage to turn this around, the first thing they will have to do is break beyond the descending 45 degree line of that highlighted 1/3-1/2 square.
