CL / YTD low update Aug 08, 11:22

CL Hits New YTD Low at 57.5

Crude oil (CL) fell to a new YTD low of 57.5, breaking below the prior extreme of 67.07. This 14.3% drop reflects sustained downside pressure without immediate signs of reclaim or continuation patterns.

Old YTD low
67.07
New YTD low
57.5
Move
14.27%
30D / YTD
70.783 / 57.5
What changed
  • Price moved from 67.07 to 57.5, establishing a new YTD low.
  • The decline exceeds 14%, marking a significant intermediate-term breakdown.
  • No reclaim attempt observed; structure remains biased toward further downside.