Will Brend Crude Oil continue the downtrend or breakout?

SHORT - BCOUSD
SL: 65.21 (Suggested by our algorithmic system)
TP: 60.221 (Suggested by our algorithmic system)

Reasons behind this idea:

1. Weak Bearish Divergences on OBV, MACD and RSI Indicators

2. Price close to the resistance trend line and testing the old broken support trendline.

---------- Chart Drawings ----------

Blue Dotted Line: Broken Support Trendline
Red Dotted Line: Broken Resistance Trendline
Blue Solid Line: Support Trendline
Red Solid Line: Resistance Trendline
Blue Rectangle Box: Support Level
Red Rectangle Box: Resistance Level
Blue Arrow Line: Bullish Divergence
Red Arrow Line: Bearish Divergence
Purple Vertical Line: Suggested Stoploss by our algorithmic system
Green Vertical Line: Suggested Stoploss by our algorithmic system

Trade idea from our mobile app: ibb.co/TMJf7s6 (Timestamp is in Australian Sydney Time UTC+7)

Please trade responsibly and good luck!

Trade closed manually

Our app has reversed this trade to long according to its algorithm but that doesn't mean oil can't reach its previous target. Please trade at your own discretion, more details to follow.

Note

Here is the screenshot of our app closing the trade (21.5% loss of risk)
ibb.co/jyMBdDp

And straight after the app opened a new long position of BCOUSD
ibb.co/WtpyVy7

We had a similar situation with EURSEK which the app reversed the trade twice and still managed to make a profit.

Here was the first position:
SELL 10.6053 CLOSED 10.5712 ibb.co/4tYbtfY

It later closed the short position and opened a long position
BUY 10.5712 CLOSED 10.57643 ibb.co/q5n4W00

And then the app decided to close the long position and to go back to opening a short position
SELL 10.57643 CLOSED 10.54116 ibb.co/pLfvL1D

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