Day

June 4, 2019
Oil Chart
04
Jun

$CL Has Crude Oil Put in a Near Term Low?

The oil price has been in a precipitous decline since falling from $66+ in April to a recent low this morning of $52.22, from where it has since rallied strongly. If this low holds, it will form the channel depicted above. This area seems like a nice risk-reward setup for a possible move back to...
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