Markets

Trading Forecast Crude Oil

Crude Oil closed lower on Monday and below August's uptrend line crossing. The mid-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are turning bearish signalling that sideways to lower prices are possible near-term. Closes below last Monday's low crossing would confirm an end to the corrective rally off August's low while opening the door for a larger-degree decline into the end of September.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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