Currently on the daily time frame for oil the price has broken trough a support and there are only 2 more support levels ahead of us. You can also see that oil is about to complete its 5th wave. So very soon we should see a nice reversal that will indicate a new bull trend. Since a reversal is ahead of us selling can be a bit tricky, but if you like you can try to sell oil till the support level. If you want to buy wait till the next support level and use 60 pip stop loss.