OIL SPOT WTI Update 07/20/26

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Oil this evening closed the small gap it had overhead from before by jumping above the gap itself, go figure! See the rectangle in the picture.

Tonight’s candle rejection level opened the door for defining the oil target. See the blue wedge in the picture.

#WTI target: $90.50 between July 28–31 on CL1!.

I think it safe to buy oil until then.

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