Up $0.79 or 1.42%
The price of crude oil futures are settling the day up $0.79 or 1.42% at $56.59.
The high for the day reached $57.00. The low extended to $55.81.
Technically, the price low at $55.81 was just below the 100 day MA, but the break could not be sustained. That MA will continue to be a barometer for bulls and bears although over the last 9 trading days, the price has traded above and below it 7 of those days. That is indicative of a market that is unsure of the next shove. Will it be higher or lower?
