US Oil is heading towards the support line of a Descending Triangle. If this movement continues, the price of US Oil could test 60.3673 within the next 3 days. 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.
Because US Oil formed a Descending Triangle pattern, we expect it to touch the support line. If it breaks through support it may move much lower
