The 06/13/26 blog “Crude Oil Trendline Watch – June 2026” illustrated that a break below 80.00 could be a signal for a move down to 55.00. The daily Crude Oil chart (CL2!) courtesy of Trading View updates the action.

On 06/15/26 the rising trendline was broken.
On 06/16/26 Crude Oil went below important support at 75.64.
There’s a high probability Crude Oil could decline to the 55.00 area – possibly by August 2026.