WTI crude oil is consolidating in a symmetrical triangle pattern after topping out around the $88.50 mark, with the converging trend lines pointing to a period of indecision as buyers and sellers duke it out around the $81.00 handle.
Natural gas appears to have carved out a double bottom pattern on the daily time frame, with price forming two comparable lows near the $2.55–$2.60 region in recent months before staging a recovery.
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WTI crude oil is still consolidating within a longer-term symmetrical triangle on the weekly time frame, with price action compressing between a descending trend line connecting the lower highs since March and an ascending trend line connecting the higher lows since late last year.
Natural gas appears to be carving out a double bottom chart pattern on the daily time frame, with both troughs finding support in the $2.650 region before buyers stepped back in.
WTI crude oil is coiling inside a symmetrical triangle, with price approaching the apex where a decisive move could soon unfold.
Natural gas continues to climb inside its ascending channel, having recently bounced off the mid-channel area of interest to resume its broader uptrend.
WTI crude oil has been in a steady uptrend since mid-August, with price climbing off the lows near $80.00 to test the $87.65 area before pulling back.