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Elliott Wave Perspective: Oil's (CL) Rally Likely to Stall, Signaling Deeper Losses
Source: Buzz FX / 08 May 2025 03:01:21 America/Chicago
The current market cycle for Light Crude Oil (CL), starting from its high on January 15, 2025, is unfolding as a double three Elliott Wave pattern. This technical structure suggests a corrective phase with alternating declines and recoverie
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