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Volume_FX

a double top ? ( M formation)

Short
Crude Oil (CURRENCYCOM:OIL_CRUDE)  
Volume_FX Updated   
CURRENCYCOM:OIL_CRUDE   Crude Oil
Trend Analysis Chart Patterns Technical Indicators Oil Crude Oil WTI Double Top
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trendanalysis chartpattern indicator oil usoil doubletop
Hello traders, I've been watching this double top pattern closely, it seems that oil is going down, let's see if it breaks down the support trendline.
Comment:
first, we need to see if it breaks down the previous support of 39.85 level, after it may go down to the support trendline, after the test we'll decide if we go short or long.
Comment:
Some news out there about OPEC reducing their production cuts with 2 million Bpd, this could support our idea tho.
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