Peter McGuire of Australia-Trading.com expresses caution regarding the possibility of crude oil prices falling sharply to the $60-$65 range quickly, stating that such a rapid decline is unlikely. He suggests that for a clearer trend, prices would first need to reach $90 with conviction and acceleration, implying resistance to a swift and substantial downside move from current levels.
Crude OilNeutralCalled 21 May 2026Graded 21 Jul 2026
Verdict:MISS

Crude Oil price declined from ₹96.60 to ₹84.56, a significant drop of 12.46%, contrary to the analyst's expectation of resistance to a swift and substantial downside move.

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