Simply put: The international oil prices have been declining these past few days because the oil produced in the U.S. is increasing, and inventory is also rising. Everyone thinks that the supply of oil is going to exceed demand. Moreover, the oil prices have tried several times to rise or fall but have not succeeded; currently, the trend is still towards a decline.

Therefore, the suggestion is: when the oil price reaches the range of 58.70 to 58.90, take a 'bearish' position, aiming to exit when it drops to around 57.50.