July 21, 2021 - (Gold Market Wire) - Crude Oil is taking another beating today, as our hope for a slingshot faded away. We now see a much more persistent downtrending channel in front of us.

We need to hold here and regain the 100-day m.a., or Brent is going to start closing under $100/bbl. With that, the lower parameter of the box comes into play.