Oil Price Outlook: WTI Crude Oil Price Action Builds Bear Flag

Oil Price Outlook: WTI Crude Oil Price Action Builds Bear Flag

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Crude oil prices have crossed back-below the 60-handle, and a short-term bear flag formation has built. Are oil markets on the cusp of another bearish run?
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Analyst Picks

Martin Essex, MSTA

Martin Essex, MSTA   

Analyst and Editor

Currency Pair:  Bullish USD Index
Expertise: Technical and Fundamental Analysis
Average Timeframe of Trade: Next Few Days
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Expertise: Fundamental and Technical
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Warren Venketas
Markets Writer
The Relative Strength Index (RSI) is a great tool to time entry and exit points. Learn more about this useful oscillator.
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Warren Venketas
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The rectangle pattern is a popular tool among forex traders for identifying and trading breakouts, learn how to apply this pattern
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