Watching oil around 78 on downward trendline as well as upper channel. Look for either pullback or breakout.
Note
Watching for possible smaller retrace upward before completing pullback to low 60's before resuming upward movement. Will add to longs if we see a bounce near channel bottom / 62 area.Note
I added a dotted line showing possible area of support while it dips in case the pullback is shallow.
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Disclaimer
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.