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R/S Lines shown MAIN LONG TERM SUPPORT BROKEN ON LOG CHART STILL YET TO BE BROKEN ON NORMAL CHART. SHOULD HAPPEN SOON. NORMAL CHART short view

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6M view of larger wedge:

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Thick Black line is multi month strong resistance. If the bold line is broken expect a heavy drop, though unlikely to happen the next few days.

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Macro View Support Resistance

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Red ~60% most likely Increasingly bearish but crossing over more resistance lines holds more support in the down eventual down trend. This shows some choppy trading to come.

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Running out of steam. Even bulls speculating on monthly dip. Support levels are laying perfectly but the long term support that has worked so well will break down soon . Such a strong ascending wedge in ~5Mo (more recent bearish flag ~1Mo) will mirror the strength of the collapse once this breaks. Definitely don't see oil at $30/b again as the reversal appears...