failed attempt for bulls to regain the 70s

we are still moving inside a descending channel in spite of the bull's efforts to regain the 70s.

I remain bearish with the same target in sight. Bears need to break below current levels to go all the way to the next support around 62.5$

Bulls need to consolidate above 72$ and break above the descending channel to head higher, something that looks quite tough from the fundamental point of view and its seasonality.

My two cents. Cheers.