Crude Oil Breaks Down From Triangle, Signaling Wave C Weakness

Written on 07/13/2026
Gregor Horvat

Crude oil has broken below its multi-month triangle, confirming the start of a higher-degree wave C decline. While a short-term rebound is possible, rallies into the 74–80 resistance zone could offer another opportunity for the broader downtrend to resume.Crude Oil pumpjack at sunset by Zbynek Burival via Unsplash
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