WTI CrudeOil Threatens to Break from a Falling Wedge
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By doing so, it looks as if it is trying to defend the $75 level and breakout of the falling wedge that it has been part of for some time. In that scenario, I believe that the market probably has some correction ahead, which in theory could play out the entire wedge, sending this market to the $90 level.Market Can be Very Volatile During the Holidaysflag, but I would not get overly excited about it, because we may just simply drift sideways as most people will be paying close attention to the holidays, not so much the oil market.
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