CRUDE OIL : Up Long Term Analysis
In this analysis, we will examine the price action of Crude Oil using an Up Modified Schiff Pitchfork, which indicates a potential continuation of the bullish trend. After prices touched the Median Line (ML) of the pitchfork, there was a pullback to the current levels. We anticipate that the May low pivot point will remain valid, and drawing a very bullish pitchfork further supports the overall bullish outlook.
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