Oil

One of the price trend I take a close look is the oil future. Partly because some companies are on the verge to bankruptcy if oil price stays low. Second is that the price remains low when you compare to the rebound of broad markets.

When looking at the price action, we can see there is some small breakout on the 1 hour and 4 hour timeframes and the price quickly reject when it hit the support. But bear in mind that the price action needs further confirm on the higher timeframe, but the RR right now remains favourable for a short term trade.