US OIL APPROACHING FOR TRIPLE TOP

US OIL APPROACHING FOR TRIPLE TOP

Features and Highlights :

• US Oil is closed at 77.00 which is near to the earlier top, which is a strong resistance.
  
• The price was retracted on 2 occasions at 77.05 and now approaching for Triple Top formation.
  
• If the Top is breaches, further rally is expected in short term.
  
• The trend line also formed a ascending triangle pattern. If not the Top is breached, the price will be oscillating in this triangle and take break on upward or downward direction of the trend.
  
• Interesting to see the developments in the coming days.