Crude oil breaks the downtrend line, or is it a false break?

Crude oil continues to fall after we saw a squeeze over $70, the question is how low will it go? Today we look at the technicals and so far, still more downside to go. Combine with a monthly candle, the break of the downtrend line may be a false break, or it may not. Only time will tell...

Happy Trading, folks!

Cheers.

Trade closed manually:

Well, had I paid attention to the fundamentals I would've known that it wasn't a false break. blah