I've been chasing this bearish
move on Crude Oil (WTI)
since 76's Political turmoil has sent it quite deep but it looks it has achieved a oversold state which means it can see a bullish trend
in the short term. I want to see how deep this move goes, ideally generating a divergence to set a rally. Remember that Sep-Jan is the bearish
period for oil
according to historic price averages.
I marked next resistances in my chart, I expect that to be the bottom of the channel but let's wait for confirmation. :)