US Oil tracking a triangle. Short

Crude Oil (WTI)FXCM

Description

⋅ Mar 6, 2016 6:27 PM

US Oil seams to be in a triangle that should be close to resolving. Once it does, I look for it to go quickly back down to it's start - around 26. Yellow line is strong longer term resistance so should not go above 37,88.

crude

Comments

andberg

⋅ Mar 7, 2016 11:04 AM

Look like a Rising Wedge thepatternsite.com/risewedge.html