Crude Oil Futures (CL) Bottomed or Just Catching Its Breath? | OneUp Trader

Crude Oil Futures (CL) Bottomed or Just Catching Its Breath?

Crude Oil has been in a deep selloff from the $80 region, breaking below a year-long support zone between $67–$70, triggering a plunge lower toward multi-month lows of $57.5. However, price is now retesting the underside of that broken support, as the market attempts a short-term bottoming formation around the $60–$63 range.

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