U.S. crude oil WTI closed basically flat on Monday (September 30). The futures are down 6.2 per cent in September, the third straight monthly decline. Increased supply from the Organization of the Petroleum Exporting Countries and its Allies (OPEC+) and a weaker demand outlook have weighed on crude prices.
Barclays expects Brent crude to average $85 in 2025.
West Texas Intermediate crude for November delivery fell $0.01, or 0.01%, to settle at $68.17 a barrel on the New York Mercantile Exchange. It is down more than 6.16% in September.
Operation suggestion: The US oil daily line reached the highest position of 69.94 after the market pressure fell, the daily line to the lowest position of 68.2 after the market finishing, the daily line finally closed in the position of 68.93 after the market with an equal length of the spindle shape of the line, and after the end of this form, the daily line pressure signal, the point.
Trading strategy: short near 69.7, stop loss 70.2, target 69-67.
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