Crude Oil Hovers Above Major Support; Is $72 In The Cards?

The following monthly chart shows that /CL has since rallied to retest its bearish moving average Death Cross apex at $65.00 and is hovering above that price, as well as its 50-month moving average. If $72.00 is, indeed, in the cards, as I described in the aforementioned post (or even higher to retest …

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