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WTI CRUDE OIL: Falling Wedge targeting the 1W MA100 at 72.00.

WTI Crude Oil marginally turned bearish again on its 1D technical outlook (RSI = 44.961, MACD = -0.690, ADX = 34.266) as it reversed before testing the 4H MA50. This short term price action is inside a Falling Wedge and as long as the 4H MA50 is intact, the pattern will aim for the 1W MA100 (TP = 72.00) on a new bearish wave.

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