Crude Reverses From the Top of Its Rising Wedge as Nat Gas Sets a New Contract Low

Written on 11/02/2026
Phillip Streible

Crude reversed sharply from the top of its rising wedge on diplomacy headlines and fell back below $100 heading into Tuesday's midterms. December nat gas set a new contract low at $2.85 before bouncing while funds hold a record short. Key levels and bias for both markets are inside.An oil tanker out at sea by Gerhard Traschutz via Pixabay
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