Crude oil measured in troy ounces of gold on monthly chart looks doomed. Slow bleeding last few months. Things can get ugly at any time.
Note
The downtrend seems failed for now. Moreover, I see a buy signal on monthly timeframe. I'm going to do deeper analysis soon.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.