Death cross of CRUDE OIL

Death cross of CRUDE OIL

• Four hour chart shows price continue to create new lows below the cloud.
• Weekly chart shows possible support line in Weekly up trend line. Support for this week comes near 85 levels.
• Death cross is happening in daily chart. So for some months oversold up moves may not give bigger long trades. right now crude oil looks oversold and an up move is possible from the weekly trend line.
• Possibility of a bigger fall if weekly trend line does not hold