<p>Major downtrend phase from the 7 March 2022 swing high has evolved into a potential bullish reversal “Descending Wedge” configuration. US$77.30 is the key intermediate resistance (200-day mov
<p>US commercial crude oil inventories dropped -4.5m barrels in the week ending August 7, versus expectation of -3.4m barrels decline. At 514.1m barrels, crude oil inventories are about 15% abov
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