Triangulo descendiente a la espera del rompimiento para tomar posición, Largo o corto todo dependera de a donde se genere el rompimiento
I think this because the oil fundamentals are suggesting an over abundance of oil and the recent increase doesn't appear to have any real substance. The STOCH is in process of turning. We've also seen a stair stepping trend downward.
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Check chart for notes, not much to say besides bearish longer term, could see a bounce up to around $2 soon as OIL seems to be finding support. Could easily find a 50% swing up before meeting the major resistance. But would set tight stops as the channel is bearish and the yellow trend looks like it could slap it back down. RSI looks to be diverging as well...