Oil (CL_5X)
45.25
A descending triangle, theoretically, this triangle should be broken downward because of increasing selling pressure, however, there is no SHOULD word to be said in the market. Awaiting a confirmation evidence for breakout of that pattern. 44/49 could be considered as the lower band and upper band of that range, respectively.
| Support | Resistence | |
| Level 1 | 44.20 | 45.50 |
| Level 2 | 43.80 | 46.20 |
| Level 3 | 42.50 | 47.20 |
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