Crude Oil Futures Weekly Technical Analysis – November 18, 2024

Crude oil futures are showing some bullish support after testing the $68 level again. This level is proving to be a fortress for bulls, requiring significant selling pressure to break lower. At the moment CL looks bullish and there are a few things that we can look at to reinforce this. Remember, however, this is onlya technical analysis… It is not perfect and only gives a small edge, the key is to work on the psychology aspect. You need to look within and work on that.

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