Good evening, everyone. This video is by special request. We're looking at Crude Oil (/CL) for the November contract, and the big picture hasn't changed much.
🧠 Current Market Context
On the higher timeframes, Crude is still trending down. Between high U.S. oil output and ongoing OPEC news, the market is simply not bullish right now. We continue to see the same cycle play out: price breaks support, pops up into resistance, fails to gain, and then steps down again. We've been balancing and chopping sideways for about five weeks, which typically suggests the market is accepting value to continue its move lower.
