WTI CRUDE JULY - Triangle range - USOIL

CLN2020


WTI July contract is trading inside a triangle now

Next week we will see this testing the 20.71 range again possibly forming a double bot pattern bouncing the price back to the top of this triangle pattern

This is still looking pretty much bearish overall raising some concerns for the next contract roll over.

Most likely we will see a breakout towards the end of the month with the rolling contract approaching and price will push the 17 dollar range