We need to see a bounce here - otherwise ....

Have a look at the 106USD - 100USD levels. If they break, we face a serious problem.

If we manage to bounce and gain some momentum to the upper side and break out of the triangle to the upper side, we may see a bullrun similar to last years spring bullrun.
Chart PatternsLTCLTCUSDTrend AnalysisUSD

Disclaimer