Browse Stacks: Patterns: Trendlines: crude-oil-falling-resistance-test-aug-1.jpg (1570×735)

Crude Oil is worth about a third (down 65%) of what it was worth back in 2008. It’s lost about half of it value from just three years ago (2014 highs). The declines in Crude over the past 9-years has created a series of lower highs, reflecting it still remains in a long-term down trend.