Oil on the edge of the boundary CRUDE OIL FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) NYMEX:CL1! MoodandMarkets Oil reaches the upper line of the channel with an impulse wave. The structure seems ready so I expect to see a downward reversal again as well in the related Getting weaker idea. The decline could be huge from here. I would not like the oil to trade above 40$!! then new high would come around 41 - 43$