Crude Oil Update – 06/16/26

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.

Published by Mark Rivest

Independent investment advisor, trader, and writer. Articles have appeared on Technical Analysis of Stocks and Commodities , Traders.com Advantage, Futuresmag.com, and Finance Magnates.

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