#USOIL #CRUDE #OIL – Bulls slowly running out of steam

#USOIL #CRUDE #OIL – Bulls slowly running out of steam

WTI CRUDE OIL TVC:USOIL


Very clear (and strong) bearish rising wedge pattern, and a bearish RSI break under trend plus recent (last <3 days) price action suggest a pullback is almost upon us.

There is a small chance that more of the wedge will be used up first, but I wouldn’t count on it.

Either way I’d look to this returning back to track the larger (but less steep) rising channel .