Yesterday we have published our forecast of WTI Crude Oil for October.

Crude Oil Forecast and Technical Analysis October 2017

Fundamentals of Today:

Oil prices fell on Monday, pausing for breath after posting gains of as much as 20 percent in the third quarter, after a survey pointed to a slight increase in OPEC production in September.

U.S. crude was down 13 cents, or 0.3 percent, at $51.54 a barrel at 0346 GMT. The U.S. benchmark on Friday posted its strongest quarterly gain since the second quarter of 2016 and the longest streak of weekly gains since January.

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CRUDE-OIL-DAILY-CHART

Source: http://www.fxters.com/crude-oil-technical-analysis-october-2nd/

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