Crude oil: Needs to push more to hope more (Aug. 9, 2022)

Crude oil is still below the neckline support-turned-resistance on the daily. Confirmed trading above $93-$95/bbl would invalidate the overall bearish mood to begin with.

Disclaimer> This post is purely informational. It does not constitute a trading or investment advice. Financial markets are inherently risky. Honor your risk management decisions.