USOIL On the Hourly, if the bulls can't breach the Swing High of 63.27 with a candle close on that price or higher, down we go towards the S&R Zone (that starts at 62,29). It looks like the upper wick of bullish candle still forming had rejected the Swing High.
WTICOUSD I am going to be offline soon so my final thoughts are to watch for two scenarios. The London open had huge momentum behind it. It will need quite the push to rise above. If we get lots of rejection, this may flip flop between the two opens. Leaving an indecision candle for the weekend. Month end is Wednesday so we should only see end of week closures which would see a sell off. The other scenario is, on WTI, if it cracks $63.50 then we should finish the day near $64. We have a POC at $63.70 so it will very likely rebound from there. Good luck in the closing hours of the week and enjoy the weekend.
USOIL On the 4-Hour, a Near-Doji (in yellow marker) appeared along the bearish descent. That usually means that the drop may continue until a bottom reversal pattern appears. We'll see if that happens or just more consolidation.