WTI Crude - Symmetrical Trianlge Pattern

24 Ağu 2019

WTI Crude seems to be forming a direction neutral Symmetrical Triangle Pattern. The narrowing range indicate an imminent directional move in the near term which could provide short term direction to prices. A Decisive fall below 52-50 band could indicate a breakdown from the pattern and a decisive break above 58-60 could indicate a breakout on the upside. In the very near term 52-58 range would be watched for initial indication of a directional move.