Crude Oil Futures Analysis | September 3, 202

Headshot of Trent Klarenbach, founder of Klarenbach Research
Trent Klarenbach
September 3, 2024
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September 5, 2024
In today's video, we analyze light crude oil futures across monthly, weekly, and daily timeframes, focusing on key Fibonacci retracement levels and the anchored VWAP from the April 2020 low. We discuss the critical $70 support level, which, if breached, could lead to a decline towards $65 and potentially $45 per barrel.