Inside technicals and chart patterns by 
With 92.00 a ceiling overhead now and the Dow Jones up as the market comes out of lunch time, prices are trading just below downtrend line resistance. The Continuation Down Channel has formed within a down market cycle on the 30 minute but not a strong one as can be seen by the Wave coming in and out of the four to six o’clock angle (not shown) and the low Initial Trend reading on the alert chart (above).
The set up would be to play the weakness off the 91.88 area even the 91.80 minor psychological level as long as the downtrend in intact - so keep an eye on the Wave angle on your 30 minute chart! The downside target is 91.50 with the point of validity waiting at 92.05.