
WTI crude oil recently busted through its descending triangle top, hinting that a rally of the same height as the formation is due.
Price is still retesting the former resistance, which might now hold as support. Check out these inflection points I’m watching on the 4-hour chart!
WTI Crude Oil (USOIL): 4-hour
Crude oil bulls appear to be taking the upper hand, as the energy commodity reacted positively to the OPEC+ decision to delay its production hike, easing fears of a global supply glut.
However, concerns about China’s weaker-than-expected economic figures and trade concerns stemming from a Trump administration
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