As you can see there are two options for Crude Oil price.
Option #1:
The red line represent a continuation of the Bears controlling the CL market.
For now we are just testing the purple Trend Line.
SELL ON BREAK
Option #2:
If the purple Trend Line will hold, we will probably test the lower side of the yellow box area above us.
BUY-WHEN BREAKING THE YELLOW BOX
** FYI**
There is a big Bear Flag from the 30/09/14.
And if you will look carefully you can see a small Bear Flag starting from the 06/07/15.
Option #1:
The red line represent a continuation of the Bears controlling the CL market.
For now we are just testing the purple Trend Line.
SELL ON BREAK
Option #2:
If the purple Trend Line will hold, we will probably test the lower side of the yellow box area above us.
BUY-WHEN BREAKING THE YELLOW BOX
** FYI**
There is a big Bear Flag from the 30/09/14.
And if you will look carefully you can see a small Bear Flag starting from the 06/07/15.
