YouTube oil analysis shows upward bias

FX Empire published a YouTube market video on May 14 saying WTI and Brent crude retained an upward bias even as prices consolidated inside a symmetrical triangle. The clip, titled “Crude Oil Price Forecast Today, Technical Analysis (May 14): WTI, Brent Retain Upward Bias,” does not provide a formal transcript on YouTube. A same-day FX Empire article by Bruce Powers supplies the clearest published explanation of the chart view behind the video. Bruce Powers wrote on May 14 that crude was “stuck within a narrowing consolidation pattern” and that the structure still leaned constructive while support levels held. The article said the market had completed a 61.8% Fibonacci retracement of the prior decline at Wednesday’s high of $101.32 and was then meeting resistance, with the triangle’s upper boundary acting as the initial upside target. (youtube.com) ### What exactly did the May 14 analysis say about the chart setup? The May 14 FX Empire article said crude was trading in a symmetrical triangle, a pattern formed by converging support and resistance lines. Powers wrote that the top boundary sat near $110.25 at the time, though he said that level would drift lower over time because the line was descending. (fxempire.com) A second technical marker in the article was the 78.6% Fibonacci retracement at $108.43. Powers said that zone could help guide traders if it lined up with the triangle’s descending upper boundary as price moved toward it. ### Which levels did the analyst identify as support? The FX Empire article said key support was near the rising 50-day moving average at $97.78. (fxempire.com) Powers wrote that crude had briefly moved below that average intraday during two recent pullbacks but had still closed back above it, which he described as evidence that buyers were appearing on dips. The same analysis identified $90.05 as the recent higher swing low and called it key support in the broader structure. Powers said that combination of the moving average and the higher swing low formed a layered support zone beneath the consolidation. ### What would count as a bullish breakout from here? Bruce Powers wrote that an upside breakout would trigger on a decisive rally above the lower swing high of $113.43. (fxempire.com) He added that a move through the top boundary line of the triangle could offer an earlier signal, but said that signal would be more failure-prone unless it was confirmed by a daily close above the line. The article named $118.29 and $119.54 as the next targets if a confirmed breakout occurred. Powers also wrote that a higher target zone sat around $123.06 to $124.42, while a measured move from the triangle implied potential upside near $144.50. ### How should readers treat the YouTube clip itself? YouTube’s page for the May 14 upload shows the headline and a short description, but no full transcript was available in the media feed reviewed here. (fxempire.com) That means the published FX Empire article is the most detailed source for the specific technical levels and pattern language associated with the video. CentralCharts, which indexed the video, also listed the item as an FX Empire publication dated May 14, 2026. (fxempire.com) That listing corroborates the timing and title of the video but does not add further detail beyond the existence of the upload. ### Where can traders check the next step in the setup? FX Empire’s May 14 article said the next confirmation point is a decisive rally above $113.43, with the triangle’s upper boundary and the $108.43 retracement acting as nearer-term reference levels. (youtube.com) The YouTube page for the May 14 upload and FX Empire’s written forecast remain the primary public sources for that setup. (centralcharts.com)