Is black gold about to take off?

This commodity has been sliding down from the peak of 9400 on June 22 to the bottom of 5900 in November. Recently it was observed to be consolidating in the 5900-6750 range since November. Within the said range price has made a higher low at 6100 and is now testing the resistance offered by a falling trendline.

Is black gold about to take off?
This commodity has been sliding down from the peak of 9400 on June 22 to the bottom of 5900 in November. Recently it was observed to be consolidating in the 5900-6750 range since November. Within the said range price has made a higher low at 6100 and is now testing the resistance offered by a falling trendline.