
WTI crude oil has formed lower highs and found support at $67 per barrel to create a descending triangle on its 4-hour chart.
Is it gearing up for a breakout soon?
WTI Crude Oil (USOIL): 4-hour
WTI crude oil has been tossing and turning inside this triangle consolidation pattern while geopolitical tensions have escalated and cooled over the past months.
This time, the energy commodity has found support at the descending triangle bottom once more, driven by worsening violence in Syria and resurfacing global supply concerns.
In addition, the OPEC+ decision to delay its planned production hike by three
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