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Crude Oil Monthly Forecast: August 2024 (Chart)
(MENAFN- Daily Forex)
- The month of July has been a bit negative for the West Texas Intermediate Crude Oil market, as we dropped toward the $75 level at the very end of the month. Ultimately, when you look at the longer-term charts, you can see that we are in a massive symmetrical triangle, and therefore I think a lot of people will be looking at this through the prism of whether or not it is going to continue to respect the boundaries of the symmetrical triangle.

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