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Back Technical analysis
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Back Technical analysis
Trading Signals for CRUDE OIL (CL) on June 15-18, 2026: buy above $79.00 (GAP - rebound)
Crude oil is trading around $79.23,
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Crude oil is trading around $79.23, reaching a low last seen in March 2016. Therefore, we could expect a recovery in the coming days, potentially reaching the $84 price level and even the psychological level of $90.If the downward pressure on crude oil persists, we could expect it to reach the lower band of the descending trend channel around $76.50 and even the Murray 6/8 support level around $75.Technically, crude oil has reached oversold levels, as we can see on
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Dimitrios Zappas,
Analytical expert of InstaForex
© 2007-2026
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Dimitrios Zappas
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