Crude Oil Price Forecast: Triangle Phase Builds Pressure

Crude oil is consolidating inside a symmetrical triangle, with support holding and repeated resistance tests suggesting a breakout may be nearing. The setup is technically constructive but direction remains unresolved until price breaks out of the range.

Analysis

Crude oil is consolidating inside a symmetrical triangle, with support holding and repeated resistance tests suggesting a breakout may be nearing. The setup is technically constructive but direction remains unresolved until price breaks out of the range.