The damage of a major multipoint trendline being broken can clearly be seen on the chart below. I do not believe these trendlines should be ignored, regardless of what a "technical indicator" or "moving average" signals.
Crude is now at a minor horizontal level of support which is drawing a trendline to the the prior swing low on the chart. The longs above should begin sweating if it doesn't hold.
(Click on chart to expand)
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