Commodities Analysis and Opinion

Crude Oil: New Test of the Recent Highs May Be in the Cards

2024.07.10 04:01

– not unexpectedly- couldn’t build further on their $10 June rise, as the multi-month resistance line I wrote about in a last week’s post proved to be insurmountable for the time being.

The bullish case is not lost yet, however, and a new test of the recent highs may be on the cards.

Crude Oil-Daily Chart

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