Crude Oil Sideways Channel and Symmetrical Triangle

Crude oil is ready to make a decision. The vertical side of the triangle projects about a two dollar move. The increase in Egypt's violence wants to push price higher but the overall weak global economy wants to push price lower. The sideways symmetrical triangle has no where else to go; either a path to 98 and higher, or, a collapse to 94 and lower. This 94-95 area is a key breakout area so the oil bears need to move price under here asap, otherwise, price will be on its way to 100.  CAT earnings hit tomorrow morning, the number one key proxy for China.  If earnings disappoint, oil, copper and commodities will tank and take equities lower. If earnings blow-out, oil, copper and commodities will explode higher and take the SPX towards the 1520's. Once crude picks a direction, the blue channel will verify the winner, a move above 96.4 and bulls win, below 95.6 and bears win. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here.  Consult your financial advisor before making any investment decision.