Crude Oil Futures (CL) Technical Analysis – July 16, 2026
Introduction Crude Oil has bounced this month after dropping from highs of around $105 earlier this year to below $70. We know this
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Introduction Crude Oil has bounced this month after dropping from highs of around $105 earlier this year to below $70. We know this
Oil paused its rally on Wednesday as traders took time to assess developments in the Iran war. In the previous sessions, it rallied
Introduction This is a follow-up to the 6 July analysis, where the call was for a shallow pullback after the breakout to
Gold prices pulled back on Wednesday after jumping by more than 2% the previous session. A downbeat US consumer inflation report led to
Equities fell on Monday as tensions in the Middle East worsened after the US announced it would reinstate its blockade on Iranian shipping.
Introduction NQ closed at red to start the week off, below its 50-day moving average (29,801.12) for the first time

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