The Day Ahead: AM Edition 2022-06-17
Crude finally breaking lower with some force
Crude Oil
Nice to see the strong move down in crude which is consistent with the idea that a third wave down was due. If the advance from mid-May was an ending diagonal as it appears, once the diagonal breaks, you can expect a full reversal of the diagonal fairly quickly. First support is at 106.20 but really have an eye on the lower targets, 99.70 and 9…
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