Oil News: Will Supply Shock Spike Crude Oil Above $66.49 Resistance?
FX Empire·2026-01-31 00:39
At 16:28 GMT, March WTI Crude Oil is trading 0.45 or +0.69%.Inside Move Signals Critical Decision PointDespite the potentially bullish outlook, the market is vulnerable to the downside with the nearest support an uptrend line at 60.66.The inside move is the appropriate chart pattern at this time because it could be signaling an upcoming transition to “super bullish” or “mildly bearish”. Since we are experiencing a headline-driven rally, the chart pattern is ...