WTI crude oil is showing a notable change in price action after spending several weeks below a descending trendline. On my chart, price has pushed above that trendline and moved to around $99.01, while the SMA is near $96.79. This is an encouraging bullish signal, but I’m not treating one strong candle as confirmation of a lasting trend reversal.
WTI Oil Breaks Above a Descending Trendline: Is the Move Sustain
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October 17, 2026
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