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After testing the support line numerous times, US Oil is once again approaching this line. Can we expect a bearish trend to follow?

US Oil is moving towards a support line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 10 days and may test it again within the next 2 days.

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Important support line being approached by INTC. This price has been tested numerous time in the last 49 days

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CVX has broken through a resistance line. It has touched this line numerous times in the last 22 days.

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