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The crude oil that has been literally pumped for so long is now in a correction or even reversal. Such a conclusion can be assumed assuming that subsequent price peaks and lows are at a lower and lower level. At the moment, a short position should be considered, but in the event of a breakthrough in the designated trend line, you can expect an increase. In this situation, I recommend watching the volume because at the moment it is rising in the breakout. In case of further declines, the support range shown in the image.
