We have seen Aug 380 crack has been trading between trading between -$6.65/bbl and -$5.85/bbl since 21st June, showing no real directional movement. Aug 380 crack is trading at a technical support level alongside RSI heading towards oversold territory, we believe Aug 380 crack will respect the support level and see bullish price action from this point.
![](https://onyxhub1fe01bf731.blob.core.windows.net/blobonyxhub1fe01bf731/wp-content/uploads/2024/07/image-4.png)
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