aCrude Oil Futures Weekly Forecast: Bears in Control, Watching Key Support Levels???? Crude Oil Futures (CL1!) are showing clear signs of bearish momentum, with prices falling sharply in recent weeks. This is reflected in the weekly chart, where the market has consistently respected a long-term descending resistance line (marked in red as the bottom of the triangle) stretching back to the highs seen in 2022.Key Technical Levels to Watch for Oil:Current Price: $68.69 (as of the latest close, down -2.80%)Resistance at $78.50: The August 2023 open, just below $78.59, represents a critical resistance area. This level is near prior high liquidity zones and has proven to be a key barrier for crude oi
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