Chances are a psychological barrier at $50 would play too big a...

Chances are a psychological barrier at $50 would play too big a part in future trading activity.
I predict another stall at $50, no matter what happens tonight, and continued range trading between 47.70 and $50 until the end of the week. A false break above $50 to around $50.20 would not be out of the question, but would probably prompt more to sell rather than buy.
I think $60 is unlikely this financial year.

Charts are still positive on my 2 swing, but given all other indicators are more extended, like I said the other day, caution is the key factor. I would not be entering any long positions here. Nor short for that matter. There are other lower risk opporunitities available.