Petroleum before rebound

Crude Oil

The situation on the chart is very interesting as both the technical analysis and the volume analysis indicate a possible rebound in the upcoming trading sessions. The first image shows a graph with trend lines. Currently, the price is close to the borderline, it is support and trendline. The second and third pictures show the volume and what is about to happen, and what we are waiting for, ie the traffic with increased turnover. The situation with crude oil repeats many times, so there is a high probability of success of the transaction.

Stocks and oil prices plunged Thursday after the US Federal Reserve warned it may begin to cut support for the economy soon. But notice that it happened without a clear volume, so we are waiting for the signal.