US Crude Oil Technical analysis
After hitting the mark of $65, crude oil is consolidating in the form of a bullish flag pattern.
Two legs of the flag pattern has completed and it is currently at its third and final leg.
Although, we expect the flag pattern to render a bullish breakout, for now, we expect a movement to the resistive trendline only.
Two legs of the flag pattern has completed and it is currently at its third and final leg.
Although, we expect the flag pattern to render a bullish breakout, for now, we expect a movement to the resistive trendline only.
Trade closed: target reached
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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.