I am convinced that this might be a potential signal to go short in Oil
. It means, if 104.2 is really the real decision point, price should rotate down, where the first target zone might be around 97.6, which is a prior low and a potential second target zone might be around 92.0, which is a major support in the long term.
Full analysis in my new blog post here: http://bit.ly/1qNeboH
YouTube Channel: http://bit.ly/17jWiog