/CL (or /QM, /MCL, USO, SCO, etc.) offers an objective short entry and/or hedge to equity shorts on this 60-minute bearish rising wedge pattern breakdown. Initial price targets are shown at solid arrow breaks with the potential for a drop down to the 75.60ish support level on the 60-minute chart below.
CL 60m May 20th
I will follow up with comparable price targets for USO in the comment section below as soon as I can update the chart. /QM & /MCL are the MINY & Micro versions of crude futures, which trade at the same price (i.e., levels on my /CL chart above) but use a smaller multiplier (i.e., leverage factor).