WTI and BRENT has been a great source of trades for us this past month and downside looks likely to continue however we would like to see the market retrace after breaking through the key support level around 64.80.
Seasonally Crude Oil through the end of November to the middle of December sees significant downside which lines up with the technical analysis currently shown on the chart.
The 4hr trend is down and could just continue to fall, a bearish set up at the lows may offer us a good return on investment. Ideally we want to see the re-test of the double top neckline from the Daily chart is it offers a greater return.
Seasonally Crude Oil through the end of November to the middle of December sees significant downside which lines up with the technical analysis currently shown on the chart.
The 4hr trend is down and could just continue to fall, a bearish set up at the lows may offer us a good return on investment. Ideally we want to see the re-test of the double top neckline from the Daily chart is it offers a greater return.