US Oil is heading towards the support line of a Triangle. If this movement continues, the price of US Oil could test 62.4253 within the next 22 hours. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
A Triangle has formed, US Oil is approaching resistance. Can we expect a breakout and the start of a new trend or a reversal?
