false breakout on USOIL?

Aktualisiert
Strong jump today but completely rejected may signal a bearish move next week. Under 92 is the level the bears want to take out.

Stops should be above the last high (about 102). Best to wait until monday to see if price continues down as weekend news can always be a wild card.
Anmerkung
A closer look shows they tried to overtake the trendline with no luck so far. Snapshot
Anmerkung
under support, we'll see if it sticks. Snapshot
Chart PatternsCrude Oil Futures WTI (CL1!)Technical IndicatorsCrude Oil WTIWave Analysis

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