Brent crude oil futures are holding slightly below the three-month high of 64.80 after the aggressive bullish run above the ascending sloping channel.
Oil has broken it's up trend line and we have seen it now super pass the 56.00 mark, our plan now is to short OIL again, US oil of what we are projecting and forecasting is for OIL to hit rock bottom. We have nice set up here now.