There seems to be this possible XABCD pattern that will be occurring when the market hits the resistance level. This is a possible reason on why it may reverse at this level, it is due to the fact that the when formation hit A at that level, prices started to go underbelly aggressively so I am hoping for a move similar to that previous downtrend.
Two profit...
Look for break above 9.30 with increasing lows and stable or increasing Crude Oil prices to confirm the continuing upward trend. This may be a buy if we see this next week 10-17-16.
