WTI has carved out a triangle pattern on the 4-hour chart. A breakdown would imply a short-term bearish reversal. West Texas Intermediate (WTI) crude, the North American oil benchmark, is currently trading at $46.82, representing a 0.38% decline on the day. The 4-hour chart shows oil is trapped in a contracting triangle with resistance, currently at $47.37, and support at $45.78. A breakout would imply a continuation of the broader uptrend from lows below $34 seen in early November and expose resistance at $49.31 (February low). Alternatively, a triangle breakdown would imply a short-term bullish-to-bearish trend change and open the doors for a notable pullback. 4-hour chart Trend: Neutral Technical levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD Price Analysis: Bulls look to revisit short-term resistance line around 1.3400 FX Street 2 years WTI has carved out a triangle pattern on the 4-hour chart. A breakdown would imply a short-term bearish reversal. West Texas Intermediate (WTI) crude, the North American oil benchmark, is currently trading at $46.82, representing a 0.38% decline on the day. The 4-hour chart shows oil is trapped in a contracting triangle with resistance, currently at $47.37, and support at $45.78. A breakout would imply a continuation of the broader uptrend from lows below $34 seen in early November and expose resistance at $49.31 (February low). Alternatively, a triangle breakdown would imply a short-term bullish-to-bearish trend change and open the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
