Crude oil is bound within a symmetrical triangle pattern which began on November 30th, 2023.

Despite the holiday-shortened week ahead in the United States, financial markets could see some action thanks to top-tier economic releases across the globe.

Oil struggled on Wednesday after sliding more than 4% in the previous session to levels not seen since July.

Oil prices remain dominated by bears on the daily timeframe as the global commodity creates a lower top followed by a lower bottom.