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[/et_pb_text][et_pb_text _builder_version=”4.12.0″ _module_preset=”default” global_colors_info=”{}”]All right, good day folks. I would take a look at crude oil daily crude crude has been under pressure down two and a half dollars this morning or a little over 3%. And we are watching this when we see a potential 123 top on a daily chart, it really starts to get our attention. See that we’re also starting to pray to break longer term trend line right here. We are getting back below this longer term trend line day back from the swing low in August. We also know that we’re coming in a period of potential of seasonal bearishness where we basically topped out here in mid October and then prices have historically traded to the downside heading into January so we’re watching this closely knowing that we do have an average trend of weakness in the energy sector which includes not just the futures market but the stocks associated with the with the energy sector or XL e following the summer driving season. We feel like the market could be overbought here near term so we’ll watch to see how this plays out. If we get below this at half level[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]
