I've been disgustedly inactive due to hectic school schedules as well as slow internet connectivity. For that, I will be publishing my rationale on why I entered the following trade.
After several days of volatility from the Crude oil, the OPEC (along with US Crude Oil Stock/Inventory decline) has helped the Crude Oil prices to recover. However, looking at the technicality, it is again on the process of reaching the descending trendline. Are the efforts enough to push oil prices higher again? Will it be able to break this barrier?