Sep to Oct are seasonal weak months for crude oil prices due to maintenance season. Historically, oil price seen bearish in this month and next month.
The previous selling again found support at 68.54 (61.8% of previous impulsive swing). The current price structure in correction zone 69.58 to 68.54. Price below 68.54 indicate trend reversal to down.
Resistance: 69.58 & 69.06
Support: 68.54
The previous selling again found support at 68.54 (61.8% of previous impulsive swing). The current price structure in correction zone 69.58 to 68.54. Price below 68.54 indicate trend reversal to down.
Resistance: 69.58 & 69.06
Support: 68.54
