Light crude oil chart analysis ;1) 50 to 55 is now our clear resistance channel
2) A close below that red trendline will send us down to test the 45 levels
3) Was that another fake move ?
Conclusion ; gut feeling tells me that conditions are improving (oil is still facing higher lows pattern since mid Feb.
Was NOT expecting a "V" shape recovery
Hope for a "up the stair" pattern
Warning ; a close below 45 will confirm a bearish reversal
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