BTE Very Much Got Rejected Both at it's 200DMA when trying to cross back up and at the topline resitance of the continuoulsy declining longer term channel.
If it remains in the channel and tests the lower parts of same $4.47ish would be a very bearish area and worse would be a new 52 week low at the longterm bottom support trendline landing back in the $3's.
I'm simply looking at the channel range. On the positive side of things WTI will have to find support on the 200DMA if it goes there... if it breaks though and stays there, I think BTE trades within the longer term channel and it will be a painful couple of months for many here.
Make your bets and GL!