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Oil News: Saudi Attacks Keep Crude Futures Bid Despite Strong Exports
FXEmpire· 2026-10-22 22:27
On Tuesday, the market formed a potentially bearish closing price reversal top. Now it’s a race between bullish and bearish traders to either negate the pattern on a breakout over $101.37 and resume the rally, or take out $95.25 and confirm the chart pattern and possibly lead to a two-to-three-day correction. Traders should note that the confirmation of a closing price reversal top will not change the trend, but it could alleviate some of the excess upside pressure.The minor trend is also up. A trade throug ...