Elena Nikulina

Peter Brandt: Crude oil chart forms bearish wedge as U.S. politics drive near-term action

Peter Brandt: Crude oil chart forms bearish wedge as U.S. politics drive near-term action
Crude oil chart shows bearish wedge

Peter Brandt, founder and CEO of Factor LLC, identifies a rising wedge on the CL_F crude oil chart and notes that a recent gap down completes this bearish technical pattern.

He states that while the chart suggests a negative outlook for crude oil, near-term price movements are likely to be influenced by U.S. President Donald Trump. Brandt advises watching for unusual volume spikes as a sign of potential actions related to what he calls the Trump Cheat Fund.

Brandt has previously cautioned that trading claims on X promising rapid profits often indicate scams or amateur tactics targeting less experienced traders, according to his analysis here. He also reported a major bullish move in Wheat markets, noting the timing of social media commentary that often follows such events here. These observations follow his ongoing commentary on technical signals and market behavior.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
Weekly Top Bonuses
up to $2,500
deposit bonus for all clients
CLAIM BONUS
Your capital is at risk.