CL8 chart, page-11

Here's a slightly more optimistic chart analysis. Taking out the candles and showing closing price line only, you can more clearly see a 'Triple Bottom Reversal' pattern forming.

This pattern is bullish but does need confirmation by rising up to and breakout through the minor (red) descending trend line .021 and the major descending trend line (heavy red) around .022 with a close above those trend lines.

That would set off a TA-induced buying frenzy up to at least reasonable resistance above at .026 -the 61.8% fib retrace- and .30 above that, the horizontal resistance and 50% fib.

By then a breakout would be well and truely confirmed.

On the downside, which is the less optimistic but equally valid interpretation at the moment of a 'Descending Triangle', you can see the solid price supports below.

At the moment I'm going with the optimistic view!!