Crude Oil is once again stealing the spotlight, with its momentum cycles painting an intriguing picture for traders. On the weekly frame, the tug of war between bulls and bears remains evident, yet the scales tip slightly in favor of the bulls. However, the daily cycle warns traders to tread with caution as we might be nearing a short-term peak. 📈 Despite these mixed signals, the recent robust performance of the 3:2:1 crack spread suggests underlying strength. 🚀 But here's the twist: the spreads, which have been consistently bought up, seem to be on the lookout for a new narrative to continue their rally. As we approach this pivotal juncture, traders should be on their toes, ready to pivot their strategies based on the evolving market pulse. With these dynamics at play, let's delve deeper into the trade plans for Crude Oil. 🛢️📊
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