WTI Oil Technical: Potential Bullish Reversal “Descending Wedge” in Play

<p>Major downtrend phase from the 7 March 2022 swing high has evolved into a potential bullish reversal “Descending Wedge” configuration. US$77.30 is the key intermediate resistance (200-day moving average & upper boundary of “Descending Wedge”). Key short-term support rests at US$72.20, also the 50-day moving average. Since its 7 Nov 2020 medium-term swing high of […]</p>
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