On the daily chart, we can see that Crude Oil got stuck in a consolidation lately with a slight bearish tilt as the price continues to pull back into the key $83 support zone. That’s where we can expect the buyers to step in as they will also find the confluence of the trendline, the red 21 moving average and the 38.2% Fibonacci retracement level. The sellers, on the other hand, will want to see the price breaking lower to invalidate the bullish setup and position for a drop back into the lows.