Time for Crude Oil to recover?
We saw an aggressive downtrend in the terms of Crude Oil chart, after hitting one of its highest peaks, which counts 256 days with an approximately 42% decline from that peak, as of chart reveals, a bottom has been formed, but is invalid for continuing the downtrend, so, is it "before it's time" bottom? the long bear period tells us that a good possibility is that the answer is YES.
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Upward movement started
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.