Crude oil is showing a bullish technical heartbeat

Crude oil futures have been trending lower since topping out at a corrective high of $110.93 on April 30. That decline extended to a low of $67.04 last week, a drop of $43.89, or roughly 39.6%, from that peak. Last week's low briefly pushed below the February 27 closing price of $67.28—the day before the Iran conflict began—but sellers were unable to sustai…

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