Crude Oil: Bearish Engulfing at Down Trend Channel Resistance

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Crude Oil has shown a Bearish Engulfing at Down Trend Channel Resistance… Yummy! Have fun trading!

See last technical analysis of Crude Oil here.  http://mystocksinvesting.com/commodity/crude-oil-brent/crude-oil-dead-cat-bounce-over-and-down-trend-continues/

Note: Down trend channel redrawn.

 

Interesting observation on Crude Brent Oil – Backwardation! Maybe something is brewing behind the scene. Opportunity for an Arbitrage trade.

 

 

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