Oil flirting with a breakout!

We traded the 66.5x highs in Oil live here earlier in the year and the macro picture is broadly unchanged since then, a flawless call:

Here we are tracking Crude on path to test the long term uptrend, with the current environment we are in i do not expect a clean break like a knife through butter the first time around. Rather with us currently trading in Equilibrium and the demand side giving way in the background I would prefer a test of the lows, followed by a pullback before we finally achieve the macro break early 2020.

The Long term chart is crystal clear:

Best of luck all those in Oil or positioning for Q4 commodity flows.