Argus
•
May 28, 2026
Technical Assessment: Bullish in the Intermediate-Term
Intermediate Term
Long Term
Summary
Wednesday saw a shift, as Consumer Discretionary and Consumer Staples took charge and led the large-cap sectors, while crude oil prices continued to slide. WTI fell 4.7% to $89.50, the lowest close since April 20. WTI has now traced out two lower highs and is down over 14% from its most-recent closing high in May. Brent oil fell 4.6% to about $95/barrel, its lowest close since A
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