g'day ozgemSorry about that :-)Ideally you would see a breakout...

g'day ozgem
Sorry about that :-)
Ideally you would see a breakout something along the (green) lines of the chart below. However there are many possible scenarios and we will have to wait and see. I watched oel for a long time as well. It had a very tedious turn around, going sideways before breaking out. I absolutely nailed the entry at 6.8c
Unfortunately sold too early (actually didn't buy the retrace)
Good luck with amu. It's first goal is to stop going down, 20.5 has held so far and it's looking a little descending wedgish. There is a window of opportunity here for amu, with the rsi divergence as shown. But a downtrend is a downtrend until it's not.
I also added the blue dotted line which was potential support going back to 2003 but even that failed.
I used to know stuff about the funnymentals but forgot it all :-)

cheers
Rod
This lines are not predictive just demonstrative