1. Crude has not yet confidently exited the $3 trading range set in August. Short term Crude expected to reverse and remain in the channel.
2. If the channel is broken, we may see $54-56 in Oct otherwise it is back to $47-48
3. A major announcement from Opec or Saudis can break the channel.
2. If the channel is broken, we may see $54-56 in Oct otherwise it is back to $47-48
3. A major announcement from Opec or Saudis can break the channel.