Crude Oil has been rejected at the upper trend line of the 5 month long channel. It has also broken below the past 2 months trend line and the last 2 days move can be said to be a retest of this short term break down. Important thing here is the RSI which has failed to move above 70 mark in this entire upmove. Going forward crude oil i likely to head lower toward 44 level where the lower trend line of the channel is placed