Mon, 09 Dec 2024 12:37:50 GMT
Descending triangle for Light Sweet Crude Oil
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,