Tag: Formation

Oil Price Reverses Ahead of Monthly Low to Keep Bull Flag Formation Intact

Crude Oil Price Talking PointsThe price of oil trades in a narrow range despite an unexpected decline in US inventories, but a bull-flag formation may unfold over the coming days as crude appears...

Bull Flag Formation Takes Shape

Crude Oil Price Talking PointsThe price of oil halts a three-day selloff despite a larger-than-expected rise in US inventories, and crude may continue to hold above the 50-Day SMA ($87.58) as a bull-flag...

Potential Descending Move Toward $21,000 On This Bearish Formation

Bitcoin’s (BTC) price is trading lower amid overall bearish sentiment. The price is still consolidating near the $22,000 level. This trading level also coincides with the short-term support-turned-resistance level. Thus, a crucial level...

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