US Oil has broken through a support line of a Descending Triangle and suggests a possible movement to 67.9422 within the next 2 days. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 12 days.
Bulls aim for 67.9422 after the US Oil triggered a bearish formation on the 4 hour chart
