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Brent crude eventually takes out double bottom support and slides below $70
Since the last update here noting the OPEC monthly report and prior to that the potential for November Brent crude to take out the noted double bottom (70.61 and 70.65), the price has now done that and by quite some margin too. However, that is not before it managed to rebound again, but as per the previous effort; that rebound ran out of gas around $71.85. So, once that double bottom was tested again, it cracked and that has delivered a fall to a low seen not long ago around $69.10. It has rebounded off that low now though and it is currently trading at around $69.70
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US stock markets reopen with early rotation out of the Dow Jones and into the Nasdaq 100
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