We mentioned a couple of months ago that oil was in a trading range. This is the latest graphical analysis by INO's tool.
Long term indicators only, monthly triangles shown, 2 year chart:
The score of +55 is mildly bullish, but note that the last signal is a sell.
This analysis shows major discrepancies. The trading range continues.
Note: To run the tool yourself on any stock, use this link (2 months free, risk-free).