WTI crude oil has formed higher lows and slightly higher highs inside a rising wedge pattern, but it looks like a bearish break is already taking place. If that’s the case, the commodity price could tumble by the same height as the chart formation, which spans $68 per barrel to around $75 per barrel. Technical indicators are looking mixed for now. The 100 SMA is still above the 200 SMA to suggest that the path of least resistance is to the upside or that there’s a chance a bounce back to the top of the wedge might follow. However, crude oil is starting to close beneath these dynamic inflection points as an early ... (full story)