#USOIL #CRUDE #OIL - Bulls slowly running out of steam
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.
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.