Upper line of the channel connects high of Aug2019 [military action by India] and high of Jan2020 [military action Iran ]
Lower line of the channel rejects further fall when lower RSI
Current rising trend since Middle of Jan2020, from lower line of channel , can sustain as long price stay above Blue color trend line.
For break-out from the last 6 months higher price action, it face strong resistance at Upper line of the channel , which also coincide with R1 of Jan2020.