USOIL Demand is Strong, but buying pressure losing steam

USOIL is definitely in an uptrend right now especially as we enter seasonal high demand time, but buying pressure is running low and I'm looking for a retrace to either the powerful lower support at 46.75 and rebound back up to around $51 area or if PA can break this strong support level, then looking for a further fall to around 44.45 before rebounding back up.