/CL (crude futures) was rejected off the backtest of the uptrend trendline with the next sell signal still pending a solid break below 65. Previous (Aug 11th) & updated daily charts below.
CL daily Aug 11th
CL daily Aug 18th
Crude futures have rolled to the October contract since the last charts were posted, with the 64.89ish support now the key level to trigger the next sell signal in crude if/when taken out while a solid pop above this minor downtrend line could spark another counter-trend rally although that wouldn’t change the longer-term outlook or the current intermediate-term downtrend anytime soon. Previous (Aug 11th) & updated 60-minute charts below.
CL 60m Aug 9th
CL 60m Aug 18th