oil: watch the monthly long term support

Jun 20, 2016

Retest and continue down?
Or break up and retest high?

Jun 26, 2016

Note

bearish

Sep 20, 2016

Note

It takes long way to go to break the long term resistance. Touching 50 will trigger massive shorts.

Oct 6, 2016

Note

Once again, we are here at the monthly resistance, may hit 51.64 and break it, but who knows it's a real break or not? Prepare to load short around here