Crude Oil Technical Analysis And Forecast October 4th
We will start with latest Crude Oil fundamentals :

Oil prices eased on Wednesday, pulled down by caution that a rally that lasted for most of the third quarter would not extend through the last three months of the year.
U.S. West Texas Intermediate (WTI) crude futures (CLc1) were at $50.16 per barrel at 0648 GMT, down 26 cents, or 0.5 percent, from their last close. They fell below $50 per barrel earlier in the session.
Brent crude futures (LCOc1) were down 22 cents, or 0.4 percent, at $55.78 a barrel.
The drops came over concerns that a third-quarter market rally that had lifted Brent to mid-2015 highs by late September had been overdone.
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CRUDE-OIL-H4-CHART

Source: https://www.fxters.com/crude-oil-technical-analysis-october-4th/

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