SimonJonsson

WTI downtrend, will the ceiling hold?

FX:USOIL   CFDs on Crude Oil (WTI)
65 0 1
Will the downwards trendchannel hold? It has been tested multiple times now. Zoom in and a head and shoulder might be forming as well. Can it break down?

Compare to Brent, see my other chart. Brent seems to have broke above the downwards trendchannel and is now trading higher than the high of 9 february. Too much ambiquity here.
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