Wrote this before 6PM...

The Setup:
It is a classic trend continuation vs channel rejection BATTLE!

The outside day in OIL on Friday occurred right at a multi month channel boundary. Highly likely that Friday may be the last battle before a victor!

The structure is slightly BEARISH, BUT look what I found out when I dug further!
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The 1Hr chart breaks outside the CHANNEL & this action is NOT shown on the DAILY CHART!

1H = bullish
4H = bearish leaning
Daily = indecision
Volume = mixed
Momentum = fading
Trendline = defended

So structurally:
Bears still have a small advantage unless buyers break the outside day high!