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WTI Oil Technical: Potential bullish reversal “Descending Wedge” in play

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 […]... Read More
Posted: Jul 21 2023, 07:49
Author Name: marketpulse
Views: 080949

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