Crude oil prices are recovering from the sell-off from Monday. Price action is up over 12% on the day after WTI crude oil fell to lows of 28.00. The resistance level at 41.00 will be the upside target for now. However, prices are consolidating into a bearish flag pattern. This raises the risk of a continuation to the downside, bringing the 28.00 level as a critical price level.
