Oil seems to be bearish right now, but I won't try to predict for how long. I believe oil will be bearish within the resistancelines shown in the chart.
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johhoh104
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Sold my bearish investment now at 61.83, as it seemed to turn bullish. Might enter bearish again tomorrow depending on how it develops. I still belive the major resistancelines to be valid.
johhoh104
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I added a major resistanceline which I believe will end the bearish trend. I will post here though when I decide to sell. I also added the small trendchannel in which were currently in.