WTI Crude Oil Pennant

WTI is in the midst of a Symmetrical Pennant, being the 6th Leg.

If the pattern plays out, we can expect Crude Oil to be in a range between
the 786 and 886 Fibonacci retracement. That is a price of 74.18 - 75.42.

Of interest will be the break

1. Downside break will see targets of 68 and 63.

2. Upside break will have 84, 88, 96.

For the next 2 weeks, the outlook remains bearish.