At the maroon colored trend line where the arrow is. Similar line can be drawn on Brent.
I will be looking here for price either to break up (then I would consider the oil bear market is finished, however this line is at a higher price if drawn in log-scale) or to turn down again.
I will be looking here for price either to break up (then I would consider the oil bear market is finished, however this line is at a higher price if drawn in log-scale) or to turn down again.
