Here is Jan Crude again. I previously posted that price was in a Rising Wedge pattern like the previous one of Aug/Sept. And typically Rising Wedges are bearish and when they break their lower uptrendline price retraces the entire Wedge.This is what happened in the previous pattern. This recent rally with a dotted lower line 'appeared' to also be a bearish Rising Wedge and also broke its lower dotted uptrendline but did not plunge and retrace its entire price pattern. Instead price just pulled back from over $103 to $95 and rallied again to price resistance. Redrawing the lower line parallel to the upper line one can see price is presently in a Rising Channel and still bullish. It appears the Rising Wedge was simply an incomplete Rising Channel. Regardless price is still bumping up against resistance which is the July/Nov/Dec highs of just over $102.