Crude Oil looking lower, just in case (Aug. 16, 2022)

Crude oil’s “longer than expected” stay at this year’s lows and the recent inability to bounce from obvious support areas, makes the market contemplate the next support in order, that is the highs around $85 from last October.

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