The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.NEW YORK ( TheLFB-Forex) -- Crude oil markets are oversold in the near-term, and hitting main support areas that will be difficult to easily break. West Texas Intermediate (WTI) (94.00) has a neutral momentum read in the mid-term. The four-hour trends are holding their short-sided direction, which sets up a sell-the-test-of-resistance play from the next upside move towards 96.00 on WTI trade. The potential for new trade signals to form today is weak, after the recent explosive long and short intra-day moves that hit for 30-minute periods in the previous few sessions finally found support. The reversal through resistance at 100.00 on WTI has created a barrier of upside resistance that will be very hard to break. Now is not the time to be holding WTI positions for the long term.