She's still a sick puppy Charlie Brown. Price is breaking down....again. And the next stop is the double bottom of 2.10. A break below that would confirm the bear and end any chance of a Stage#1 base building phase. Breaking below the early June low is bearish short term as well. Only clearing the recent high and downtrendline would suggest there is some hope of a trend change to at least a sideways base building phase. The negative contango continues to be bearish with the front months as weak or weaker than the back months. This needs to change to 'suggest' a change in character. See the July/Jan spread trade upper right. And price is once again below the 20ema which is rolling back below the 50ema. Also note the Modified MACD which measures the long term trend. It continues to trade below the 50 line and only came up and tagged it as resistance and is rolling back down again. "Collectively" these technicals are telling you it's still a bear.