1. If breakout, buy signal
2. If resistance holds, sell signal
(The seem to look very overbought to me. I could see the commodity staying overbought until the price is close to the resistance, and then selling off)
Again, this is a simple strategy with not much depth behind it. The channel is clearly a valid one, and could provide traders with a good indication of price movement.
Opinions and Ideas are my own, Happy trading!
We shall see where this one takes us.