US Oil is heading towards the support line of a Falling Wedge. If this movement continues, the price of US Oil could test 76.1860 within the next 15 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.
US Oil formed a Falling Wedge on the 1 hour chart. Retest of support in sight.
