Commodities Analysis and Opinion
Crude Oil Needs To Form A Bottom First
2022.10.07 09:15
The summer bear market in has been so deep that even the last week’s rally of +$10 has not been enough to drive the market up to its Fib resistance.
Despite the bear market rally, longs are not out of danger yet, as we may need to confirm a more solid bottom formation first.
Crude oil price chart.
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