US Oil is heading towards the support line of a Descending Triangle. If this movement continues, the price of US Oil could test 60.3487 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.
A Descending Triangle has formed, US Oil is approaching resistance. Can we expect a breakout and the start of a new trend or a reversal?
