Based on the current chart, it appears that BLACKBULL:WTI crude oil is approaching an inverse resistance level—a threshold it has decisively surpassed only twice before. The first instance occurred in 2015, a period influenced by OPEC's late 2014 decision to maintain production levels instead of cutting them, which would have bolstered prices. The second breach...
The chart currently exhibits the formation of a Swing High Reversal Pattern, characterized by a pronounced red reversal candlestick. Historical data suggests a tendency for prices to embark on a downward trajectory following the establishment of this pattern. Target = $85
