OANDA:BCOUSD   Brent Crude Oil
Decembers ascending trendline from the end of 2018 as you can see price has closed below it, I can see consolidation within the 4hr range and support. (green)
With price below this trend, along with the strong 65 area, the bottom of our macro range previously a support, now becoming resistance, i can't see this rallying further.
I feel there is too much compression of resistance above the price.
Ending the last 4hr bar with a hammer /pin is a decent sign also of confirmation
15minute has retest the trendline previously mentioned and already rejected off during the last few hours of trading last week.


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