Despite the previous "agreement" signed between the US and Iran, I'm seeing the $CL on the 1D timeframe in oversold territory (RSI indicator at 6 and 12 periods), which could signal a potential short-term bullish bounce. But I'm not sure if there's enough volume and market interest to push the price up after such a steep drop.
What do you all think? Is there a bounce coming or is the dinosaur juice price going to drop down to 70 dollars?
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