Analysts from the foremost brokerages are calling for 85-100 usd/barrel With confidence. We know what to do. There is much leeway on the downside here for price to move and the top reached was significant resistance zone. I Call for Heavy pullback.
Comment:
It will be a pullback to the trendline..
Order cancelled:
When price use this long time into reaching back to breakdown area, the chances are that pullback gets longer in time and price, but it will be a final pullback, so I expect there will be another bullish cycle taking out the previous high, so shorting at 70 will not make sense when it Returns unless price action tells otherwise.