The Crude Oil rally off the 10/06/23 bottom continued into 10/20/23 and hit the Fibonacci .666 or 2/3 retracement level.
Hour RSI had a double bearish divergence at the top.
Theres a high probability of Crude Oil declining to at least the 80.00 area. Seasonal patterns for Crude Oil are bearish until late December. A decline could reach the 75.00 area.
Hour RSI had a double bearish divergence at the top.
Theres a high probability of Crude Oil declining to at least the 80.00 area. Seasonal patterns for Crude Oil are bearish until late December. A decline could reach the 75.00 area.
