WTI Crude Oil (OILUSOCT20) and Brent Crude Oil (OILUKNOV20) have both managed to find support following their recent sharp correction and break below the trend that had prevailed since June. Upbeat economic data from China and the U.S. the world's biggest consumers, tropical storms building across the Atlantic and a recovery in U.S. megacap stocks have all helped drive renewed risk appetite. After briefly dipping below the 100-day moving average, Brent crude oil on several consecutive days managed to bounce from an area below $39.50/b. Using Fibonacci retracement as a guide to where resistance may emerge we are ... (full story)