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Crude oil outlook remains bullish despite bearish headlines, Patrick Karim states

Crude oil outlook remains bullish despite bearish headlines, Patrick Karim states
Chart suggests crude oil breakout ahead

Patrick Karim, a technical analyst at Technical Traders Ltd, argues that despite numerous bearish arguments against a rise in crude oil prices, he will be watching for an 'epic breakout' that could indicate substantial upside. He adds that he relies on chart analysis over prevailing negative sentiment.

Karim has previously noted that gold is struggling against stock markets and may need more time before a breakout, according to an earlier analysis. He has also cautioned that silver could take up to two more years to clear its $95 monthly all-time highs, as reported in a separate piece. These assessments highlight his cautious outlook on major commodities using technical analysis.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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