A clear look at the daily TF shows a downtrend wedge pattern for the USOIL and at the same time using the fib tool, it perfectly alines with the 0.618fib zone and it also rejected it, also there is a valid trendline which indicates a strong downtrend on the daily and if you go down to the 4h, it shows a valid double top which supports the movement to the downside. So presently we are trapped in the consolidation on the 4h as a result of the market recently opening but i expect an upside retracement to the area of $101.23(which aligns with the long term trendline)on Monday, then a drop by Tuesday or Wednesday. my overall target for this commodity will be to $85. Thank you.