Looking at familiar pattern M top, price made twice reversal on key level fibo 3.82 resistance and targeting price to move back towards possibilities inside the channel
Stronger WTI crude oil would and US Dollar weakness would sync into our analysis, however we are looking at long term trend is still on strong bearish
Breaking above trendline resistance on weekly would confirm a towards a change into bullish trend
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.