Today, as long as the oil price closes under the price range 80.45 to 80.60, the short position is still valid. I am not proclaiming that it will or won't break this level, but technically it is the highest price that oil should reach for a short position to remain valid.
If oil closes above that range, the short position becomes invalid and I would cover, then take a long position. I believe if you do not believe in a long position, logic says go short and vice versa if you no longer believe in short go long. The exception, if you believe market trades sideways stay flat-no position.