Site icon Petros Steriotis

Crude oil showing signs of fatigue (Jun. 29, 2022)


As long as the structure of consecutive higher lows holds, CL’s big uptrend will be intact. However, the last weeks’ increasing downward pressure and today’s intraday reversal are revealing some premature signs of fatigue. Still, the sellers recent inability to push this market even below $100 is showing lots of dip buying in the process.

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