USOIL Heading into consolidation

Looking at the daily chart, it appears USOIL is heading into consolidation for the rest of the year. I am not expecting any new trends based on the data, as seen here. Would expect smaller and smaller shifts in price as we head into November. Interesting to see the huge swing from November of last year and where we are ending up. I would sit tight, if I was looking for a long term strategy (6 months +) or switch to a shorter term trading plan to take advantage of the narrowing volatility.