Conclusion: IPATH ETN CRUDE OIL (OIL) was trading in a strong bullish wave, which is becoming weaker . Technical indicators and chart patterns show highly volatile movements favoriting no favorited direction, recommend hold or waiting for entry , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles. . Resistance Levels: 84.53. Support Levels: 82.09, 80.63, 80.18, 79.20, 78.04, 77.49, 76.89, 76.66, 75.83, 74.80, 73.67, 73.66, 73.14, 63.24, 62.79, 60.86, 60.36,.