Beskrivning
⋅ IT is quite obvious that an ascending triangle has been formed.
Will this be an opportunity for an upward move? Of course, it must break upwards.
Currently, crude oil at price floats around 72 USD/barrel and if we see a significant upward move it will probably reach 73 as a first Stop.
Today 28.07.2021 Wednesday, Crude Oil Inventories will be released, last figure showed a positive figure due to increase supply.
In addition, today the FED rate is also going to be released along with the FOMC statement. Volatility is expected.