A DOWNWARD TREND IN OIL PRICE DESPITE OPEC CUT=$70 PER BARREL

What appeared to be an action to trigger the rise of crude price by OPEC seems not to work as any further bearish candle below my counter trend will see the oil price fall up to $70 per crude as against $110 earlier anticipated because of the bullish momentum of last week.
As a smart money trader, i will be monitoring this till later part of Monday trading day.