CFD Petrolio WTI

US OIL APPROACHING FOR TRIPLE TOP

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US OIL APPROACHING FOR TRIPLE TOP

Features and Highlights :

  • US Oil is closed at 77.00 which is near to the earlier top, which is a strong resistance.
  • The price was retracted on 2 occasions at 77.05 and now approaching for Triple Top formation.
  • If the Top is breaches, further rally is expected in short term.
  • The trend line also formed a ascending triangle pattern. If not the Top is breached, the price will be oscillating in this triangle and take break on upward or downward direction of the trend.
  • Interesting to see the developments in the coming days.

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