Crude appears to still be drawing out supply (selling pressure),...

Crude appears to still be drawing out supply (selling pressure), and looks vulnerable to breaking down again.
It did respond to the March spring and reversal bars, but demand ran out when facing the supply from the longer term horizontal SR line.
Price has since broken down, then tried to recover, but continues to face selling pressure at this point in time.
Needs more time for the chart's intentions to become clear.
The timeframe varies bar to bar to satisfy the criteria, however across the entire chart shown, it is a 2.9 day chart,
(weird I know...don't worry about it).


STO initially found some support and showed some signs of an accumulation back in March (along with the crude price), however in probably in sympathy with the POO, this eventually failed and price again brokedown.  The 115 (million) circled would have appeared to be selling pressure initially, however price did not break down in response, and in fact the following downwave showed easily enough volume for price to make a lower low (compare it to the previous downwave), this response then suggests it was decent support/accumulation taking place.
And price did begin to move higher in response to the buying, however again most likely in sympathy with the POO, it could not reach the previous breakdown line (a sign of weakness in itself), price then came off again, with a large proportion of stock bought at the previous lows probably dumped. It appears STO also needs more time to sort itself out.
Finally looking at both charts, it appears that the STO chart is actually acting weaker overall than the crude chart, at least so far (may have had something to do with its capital position).
Similar to the Crude chart, the bar by bar timeframe varies, but across the entire chart shown, the timeframe is 2.8 days


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