WTI Crude Oil Prices Break Out of Symmetrical Triangle

WTI crude oil prices have broken out of a symmetrical triangle pattern to the upside, surging past converging trend lines that had been compressing the range since early August.

This breakout suggests that the pause in the uptrend has resolved higher, potentially setting the stage for a resumption of the broader climb that started from the $71.75 lows.

After breaking above triangle resistance, WTI could see a pullback to retest the top of the formation before making its next move.