Oil prices rolling over: back to below $48bbl? - BBH

Analysts at Brown Brothers Harriman explained that their idea that oil prices were rolling over continues to unfold. 

Key Quotes:

"The December contract briefly slipped below $49 a barrel in the middle of last week, which is the lowest in three weeks. 

The five-day moving average crossed below the 20-day average for the first time since the end of September, which caught the nearly $8 a barrel bounce this month. 

The convincing break of the $50 level, which may be the neckline of a double top, projects toward $48."