Spot Crude Analysis 7-14-2022

In spite of the majority of the markets getting smashed, Crude seems to be holding up pretty well. Here on the daily time frame we see a descending triangle and price is testing support for the third time. I'll be watching the candle close today to confirm a potential entry long. Potential targets to the upside would be 105, 115 and 120 (which corresponds to triangle resistance).