Oil retrace prior to going under $30?

NYMEX:CL1!   Light Crude Oil Futures
170 3 2
Oil             price is desending in this bearish channel for months. I think that $30 is a great support level (both technical and psycological). It could retrace up till the top of the channel prior to break $30 down
Where is the top of your channel? 48? Thanks!
Persil LeonardoZ
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