Crude trend analysis

As I have wrote about crude in my previous of September 17,2011 that I am expecting a fall of 10-15$ from current levels when it was trading around $88 mark. Now again crude is struggling near same down sloping trend line on daily chart and nice descending triangle formed on scale. That is suggesting 87$ as a very stiff resistance above 87 it would confirm an advance till 91 -100 dollars in coming days but 91$ will play an important role for 100$. Why 91 is so important?? Crude made $74.94 low during this swing and nicely reversed from bottom area of 75$ with double bottom confirmation and a break above 91 would confirm neckline breakout of this double bottom formation that will attract more bulls to the streets. This is the 4^th attempt to its down sloping trend line and crude is now struggling. If crude spends some time below 83.80 mark then a failure may occur and crude may slide again till $80-75 below 75 if manage to hold then a retest of 68-66 can’t be ruled out.

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