Commodity Blog

Commodity news, technical and fundamental analysis, market data on precious metals, energies, industrial metals, and soft commodities

Archives

Symmetrical Triangle Pattern in Brent

October 31, 2010 at 18:39 by Vladimir Vyun

The chart shows that the oil is consolidating, demonstrating the symmetrical triangle pattern. At this stage the trend can be considered neutral and a breakout may occur in any direction, establishing a new trend. The yellow lines show probable target levels in case of a breakout. Click the image to enlarge it to a full-size screenshot:

If you have any questions or comments regarding this chart pattern for the oil, please, feel free to reply below.

Leave a Reply

required
required  

Navigation

Menu