Oil is greatly oversold on the Weekly chart and the Down trend is still intact on the Daily. I guess someone really wants Putin to feel the effect of the sanctions against Russia over Ukraine (which in my twisted mind also makes sence of the current USD Index rally record) We now have a pullback due to a Bullish Divergence on the 60 min chart and I will sell again as soon as one get a good price. Again keep a good eye on the Dollar to time your entry right.
