Support turned Resistance?

I highlighted what may be turning into a supply level for oil.

This is previous support, may be acting as new resistance?

If nothing else, Friday has a very high probability of being a retrace day as profits are taken off the table.

Currently Oil has been on a strong bull run, it would be logical for today to end red.

Things to watch:

A possible deeper retracement towards 50 and below, I am not calling for new lows but a retrace "could" be in order.

Some consolidation and a resumption of the new bull trend.

Please remember Oil is extremely volatile, trade safe, trade to live another day!