TRADELINE LIVE NEWS UPDATE Crude Oil Weekly Price Forecast – crude oil markets test major trendline The crude oil markets fell hard during the week, reaching down towards a major trendline in both grades that we follow here at FX Empire. Because of this, it looks as if we may have finally done enough destruction to attract value hunters. The WTI Crude Oil market fell hard again during the last week, but you can see that the uptrend line that has been so prominent is starting to offer a bit of support. At this point, I think it’s only a matter time before buyers come in to pick up value, because not only do we have the uptrend line on the longer-term charts, but we also have the $65 level underneath. I will pay attention to the daily chart for signs of support, perhaps even a hammer that I can start buying. If we do break down below the $65 level, not only do we have bearish pressure slicing through the uptrend line, but we also have a major horizontal line breaking down ...