Skip to contentHome page Seeking Alpha - Power to InvestorsMar. 17, 2026 8:00 PM ETCrude Oil Futures (CL1:COM), DJIIYY, DIA, DJD, FDM, WEBS, WEBL, DBE, JJETF, USO, DBO, USL, BNO, OILK, USOI, OLOXF, UCOMarketPulse by OANDA Group591 FollowersCommentsWTI crude oil is forming a head & shoulders ahead of the FOMC meeting, a first bearish pattern since the beginning of the war.Oil won't just flash back to the $55 lows from the beginning of the year, but less pressure on the head will help soothe participants and inflation expectations.The stock market is all over the place today. After the overnight failed spike in oil, stock indexes opened well but have failed to sustain momentum and are now correcting again.Getty ImagesBy Elior ManierWelcome to a more unusual market update to show what could be a significant development for markets for periods ahead. WTI crude oil is forming a head & shoulders ahead of the FOMC meeting, a first bearish patternThis article was written byMarketPulse by OANDA Group591 FollowersMarketPulse is an award-winning industry analysis and news site service created by OANDA Business Information & Services, Inc. Covering forex, commodities, global indices and more, our goal is to give timely, relevant and informative commentary on major macroeconomic trends, technical analysis and worldwide events impacting the industry.Comments