Crude Oil May Face A Corrective Pullback
Jun 20, 2025

CL

Crude oil has turned around sharply up after breaking below 60 dollars per barrel back in April, and what we’re seeing now is an impulsive five-wave rally as Israel attacks Iran. This situation can just get worse, so energy can stay up, therefore more upside is expected after a new ABC corrective pause, which can retrace the price back to 67 support area.

Crude Oil May Face A Corrective Pullback Crude Oil 4H Chart
Crude Oil 4H Chart

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