A hidden ‘triple top’ in oil price charts suggests the rally has run out of gas
Summary
Recent charts of oil prices reveal a recurring technical pattern known as a triple top. This formation indicates that market buyers are losing their momentum, suggesting the recent upward price trend has stalled.
The failure of a key momentum indicator to match the price highs suggests buyers may have run out of steam.
Source: Read the full story at MarketWatch.com - Top Stories
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