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The Crude Oil, This Commodity Has Fallen to Multiyear Lows 

Last Updated: May 10, 2022

By Rayner Teo

Monthly Crude Oil Progress Chart:


This is the monthly chart of Crude Oil. It has fallen 5 months in a row and recently broke the support at 89.

The Weekly Progress Chart:


On weekly, we see a steep parabolic move towards the downside with no end in sight.

The Daily Progress Chart:


In the daily chart, we notice that price tends to bounce off the 20 EMA.

Traders can consider shorting on a pullback or look to trade breakout to the downside.

Good Trading!

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