Descending triangle for Light Sweet Crude Oil

Note: This section contains information in English only.
Source: Dukascopy Bank SA


A descending pattern has formed on Light Sweet Crude Oil. The current pattern suggests that a potential move to the downside may occur in the next few days, breaking outside of the pattern.

The descending triangle pattern may be considered a signal for a potential downward price movement.

If bearish momentum continues and the wedge pattern breaks to the downside, further price discovery towards 62.40 is plausible.

Current tensions in the Middle East could have a significant impact on the price of Light Sweet Crude Oil in the near term.
Back to articles

Actual Topics

Tue, 10 Dec 2024 09:16:00 GMT

Possible Head and shoulders on Nvidia

A Head and Shoulders pattern has formed on Nvidia stock. If the second shoulder is confirmed, a price move towards 130.05 and 115.15 is plausible. Additionally, the Chinese government is investigating Nvidia for a possible anti-monopoly law breach, which could amplify the downward price movement if the H&S pattern is confirmed. However, if the pattern is not confirmed, further price movement

Fri, 06 Dec 2024 13:20:03 GMT

Occurrence of a rising wedge pattern on the S&P 500

Year-to-date, the S&P 500 has risen by more than 25%, reaching all-time highs above 6000.00. The results of the U.S. presidential election have been seen as positive news for the broader market. However, the occurrence of a rising wedge pattern could signal bearish momentum if the pattern breaks to the downside. If bearish momentum takes hold, price levels of

Subscribe to "Fundamental Analysis" feed

订阅
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.