Watch These Key WTI Oil Price Levels As Chart Signals Possible Breakout
W&T Offshore(WTI) Investopedia·2024-07-02 19:31
Key TakeawaysWTI crude oil jumped more than 2% to an eight-week high on Monday amid expectations of improving demand over the summer travel months and growing concerns that a regional expansion of the Middle East conflict could cause disruption to global oil supplies.The commodity’s price has traded within a symmetrical triangle since September last year, a pattern often followed by a significant move in the direction of the breakout.Key chart levels to watch following a breakout from the symmetrical triang ...