Bull trend line was broken for oil .
From this moment we are waiting for the fall.
Soon. Oil will fall to $ 54 and then $ 50.
Momentum indicators is also located in the area of sales. Can confirm the fall.
Hi Zar, your arc showed the right direction but oil made a right shift and only then followed your trend.
It's interesting how did you build your trendline which was broken, is it an angle? because only one touchpoint is on the chart which is not classic trend building where 2-3 touchpoints are needed.
And where do you see it further?