Watch the Descending Triangle on EOG closely. Trade with professional charting tools.
Bearish continuation pattern.
Market participants tracking EOG Resources should note the latest formation. With a last close of $129.98, volatility remains active (-2.45%). Algorithmically, a Descending Triangle structure has completed. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $128.83, targeting $111.96 with support near $142.44 (R:R 1.24).
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