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WaelHaz

Sell Oil

Short
Crude Oil (CURRENCYCOM:OIL_CRUDE)  
WaelHaz  
CURRENCYCOM:OIL_CRUDE   Crude Oil
Trend Analysis Chart Patterns Oil oiltrading oilprice Commodities oilusd oilshort USD
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trendanalysis chartpattern oil oiltrading oilprice commodities oilusd oilshort usd
Oil looks bearish on the weekly timeframe and next month looks bearish with possible new lows to bottom area 60.

Oil on the weekly timeframe is in a descending downtrend channel and currently rebounding back from the upper channel of the downtrend at the resistance and supply zone at area 82 and already this week broke previous two weeks lows.
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