TradingView
Bixley
Mar 10, 2020 9:13 AM

USOIL long term tight falling wedge 

Crude Oil (WTI)FXCM

Description

USOIL has been rejected countless times at the resistance line of the falling wedge, forming a larger wedge. This chart extends for some years so going long isn't always the most profitable, but is a viable opportunity. Oil becomes more scarce with time so it is expected that large growth will be seen once the wedge is broken. This could also be interpreted as a symmetrical triangle but eh
More