Price has reacted to a Fresh 3 Month Supply also there is a fresh 6 Month Demand formed,
Hence we are expecting a Correction.
After reacting to the Fresh Quarterly Supply, as per Weekly chart we have drawn trend-lines which also show the Support and then we see Price has violated the Support forming a new low, which indicates the sellers are coming in Power,
Considering the previous low violation and the 3 Months Soucre Supply this is the Short position.