Looks like a good opportunity to short crude, targeting rising trend line as a first target. A break below the trend line should confirm another test of prior lows.
Note that a stability (closing) above 34.50 may negate this trade idea..
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Thoughts on the Monthly and weekly tech.? I can not deny the fact that a pretty evident low test on support on the monthly, alongside a weekly chart that looks massively overextended with a lot more room to the upside. No trend change evident on the lower timeframes as well makes me want to wait a couple of more days to justify a trade here.