Now oil is down 2.5%.
Of course $62 is going to be bouncy, that's our shorting line and, according to the fabulous 5% Rule™, a 5% drop gives us 1% bounces (20% of the drop) and we're down $1.60 from $63.60 so 0.32 bounces to $62.32 (weak) and $62.64 (strong).
IN PROGRESS
