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WTI breaks the October low

OIL
  • Early mover is Oil, seems potentially some stops triggered in WTI, below $80.25 and circa $80.15.
  • The contract has cleared the initial support of $80.20, and has slipped below $80.00, lowest levels since the end of August.
  • Next notable support will be at $77.03 the August low.
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  • Early mover is Oil, seems potentially some stops triggered in WTI, below $80.25 and circa $80.15.
  • The contract has cleared the initial support of $80.20, and has slipped below $80.00, lowest levels since the end of August.
  • Next notable support will be at $77.03 the August low.