Charts are mixed - you have a classic double bottom with its W shaping up. You also have a classic double top looming. A momentum trader would trade if OML closes above 980 odd - because that would complete a classic double bottom. A range trader would short around these levels, if we get confirmation that a new double top is formed (candles are a good indicator). A swing trader would wait for the breakout up, then the subsequent pull back before getting in to go long.