RyodaBrainless

Crude Oil

Panjang
It looks so hard to break out higher from the descending channel resistance for Crude Oil. It only a false break (at this moment still running). And if it is a broken outline, the higher price will meet with a Death Cross of Old Descending Channel. Personally, I doubt for Crude Oil to have a higher price at these periods, but the technical indicators supporting the price in a higher way. And maybe, the golden cross will lead away to the last line of the higher way. IF it also fails to break out the last lines, Crude Oil will go to a lower trend and reach $38/Barrels.
Penafian

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