A lot of contact with the lower channel support lines, both here and in other crude instruments like USO, where crude should be going to $64. I've waited a few days now for a convincing rise before buying in but I just haven't seen the jump yet and if anything, it looks like its about to collapse. Not only is it struggling in its current channel but it has some over resistance to overcome as well. I'm not buying until I see it come over the lines, otherwise I'll be shorting the fall.