Crude Oil Resumes Its Weakness
Aug 5, 2025

CL

We talked about Crude oil on July 08, where we mentioned and highlighted that more weakness is coming for wave C after a corrective recovery in wave B. CLICK HERE

Crude Oil Resumes Its Weakness CL 4H Chart
CL 4H Chart

As you can see today on August 05, Crude oil is nicely falling after we recently spotted a corrective rally in wave B that nicely stopped at projected $70 resistance near 61,8% Fibonacci retracement, so it can now resume even lower within projected wave C towards 60-59 area at least, if not even lower.

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