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Crude Oil Breaks Downward – Rejecting The $120 Price Level

The recent downward Crude Oil trend may have caught many traders by surprise. Just before the US Fed raised interest rates on June 15, 2022, Crude oil was trading above $120ppb. Less than 5 days later, it collapsed -12{d9c4d960ee45891fbf714ed8da589b701a1be4efa840b87811584c6b796cb03f} and has continued to trend lower. Currently, Crude Oil is near -17{d9c4d960ee45891fbf714ed8da589b701a1be4efa840b87811584c6b796cb03f} lower …

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