According to Mihir (@RhythmicAnalyst), crude oil has seen a significant price bounce over the past few days, but technical indicators show that major resistance levels remain unbroken. This suggests the overall trend for crude oil is still bearish, creating a borderline scenario where prices could either reverse higher or continue their decline. Traders should watch for a confirmed breakout above resistance before considering bullish positions, as a failure at this level could signal renewed downward momentum. (Source: Mihir, Twitter, June 18, 2025)