Hello oil traders! I went back and looked at oil from multiple charts and settled on this daily chart to submit my suggestion. The light red consolidating channel is my original channel. The light blue is the one I added and readjusted a while back in August to show what looked like a new trend. Then the attack on the Saudi oil refinery happened, the market corrected, and who knows what direction it will go now. I added the charcoal gray channel as I believe it is ever evolving. I still believe oil is headed into consolidation for the rest of the year, now has been expanded by recent current events. I checked the 15 minute, 1 hour, 4 hour and the daily. All four charts' RSI indicators indicate interest is fading and Moneyflow on all four charts is starting to reverse. Therefore, I expect it will stay in the new charcoal gray channel and will be returning to the $52.20 level before rebounding.