$USOIL USOIL WT CRUDE OIL Descending Triangle
Updated
USOIL USOIL WT CRUDE OIL price action has formed a Descending Triangle on the Weekly timeframe.Current Price: 70.3
In previous years, #USOIL reached a high of 149 and retraced to a low of 66.4 (A retracement of over 50%)
A breakout of Descending triangle can lead to higher prices: 73.9, 84.4, 94.3
A break below 66.4 can lead to prices down to 42.7!
It remains to be seen...
Trade active
Break out of descending triangle...
73.9 hit
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