Oil Short

Based off my technical analysis, from the daily chart we can see price had reached a strong resistance area. Price either bounces or breaks through once it reaches a resistance area. With oil price it bounced and is currently bearish trending. Looks like it can be a strong sell and possibly break the bullish trend line that I have marked up on my chart. if it does break it then 59.25 can be a good TP area.

If you agree with my analysis please like or comment your input.