Oil seems to be bearish right now, but I won't try to predict for how long. I believe oil will be bearish within the resistancelines shown in the chart.
Update: Seems like one of the resistnacelines i drew were irrelevant so I removed that one. I added one resistanceline that seem to form a more relevant channel.
Update: Seems like one of the resistnacelines i drew were irrelevant so I removed that one. I added one resistanceline that seem to form a more relevant channel.