Oil at Risk to crack down..!!!!!

Details on chart.

Comment:

4hr Oil Chart.

Comment:

Break of $40 with clearing $40.5 would be bullish..

Comment:

Oil is getting hammer and daily close below 37.9 is required for more bearish action towards 32 and below.

Only close above 40.5 would be bullish.

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Oil with usdcad... Simple Chart.

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Seasonal trend of oil is still bullish but Fundamentals and Technicals hammering oil down.
Oil closed daily below 37.9 and now in control of sellers.

Break of 35.87 will drag it towards 34 and 32.

Comment:

Possible Head & Shoulder Pattern..?????