#USOIL #CRUDE #OIL - Bulls slowly running out of steam
Very clear (and strong) bearish rising wedge pattern, and a bearish RSI break under trend plus recent (last <3 days) price action suggest a pullback is almost upon us.
There is a small chance that more of the wedge will be used up first, but I wouldn't count on it.
Either way I'd look to this returning back to track the larger (but less steep) rising channel.
There is a small chance that more of the wedge will be used up first, but I wouldn't count on it.
Either way I'd look to this returning back to track the larger (but less steep) rising channel.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.