Crude Oil may face a corrective pullback [Video]

Crude oil has turned around sharply up after breaking below 60 dollars per barrel back in April, and what we’re seeing now is an impulsive five-wave rally as Israel attacks Iran. This situation can just get worse, so energy can stay up, therefore more upside is expected after a new ABC corrective pause, which can retrace the price back to 67 support area.

Crude Oil four-hour chart

For a detailed view and more analysis like this you may want to watch below our latest recording of a live webinar streamed on June 16, 2025:

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