WTI stands on slippery ground, down over 2.0% near $76.40 during early Friday. In doing so, the black gold drops the most in a week amid the three-day downtrend. A one-week-old ascending triangle bearish formation portrays the commodity’s latest weakness, coupled with a downward sloping RSI line. The quote currently drops towards the pattern’s support line near $76.00, a break of which confirms the theoretical fall towards the $71.50 level. However, the recent low near $74.60 and July’s top of $74.20, followed by September’s high near $73.10, will act as intermediate halts during the south-run. Meanwhile, the ... (full story)