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James Van Straten observes that Brent crude oil is undergoing a gap fill, similar to what occurred prior to its last upward leg.
This suggests a recurring pattern in Brent crude oil price movement, with technical dynamics mirroring a previous period before a rally.
Van Straten has tracked significant market milestones in earlier coverage. He recently detailed how gold recorded its worst quarter in 13 years while the S&P 500 reached a six-year high. In another report, he examined Amazon’s $25 billion bond sale and noted investor demand of just 1.6 times the offering.