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WTI Oil Technical: Potential Bullish Reversal “Descending Wedge” in Play
Major downtrend phase from the 7 March 2022 swing high has evolved into a potential bullish reversal “Descending Wedge” configuration. US$77.30 is the key intermediate resistance (200-day moving average & upper boundary of “Descending Wedge”). Key short-term support rests at US$72.20, also the 50-day moving average. Since its 7 Nov 2020 medium-term swing high of […] The post WTI Oil Technical: Potential Bullish Reversal “Descending Wedge” in Play appeared first on Action Forex...
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Content Topics
Technical
Potential
Bullish
Reversal
Descending
Wedge
Technical
descending
Wedge
Forex
Posted: Jul 21 2023, 08:08
Author Name: actionforex
Views: 092081