Crude oil is above 100H MA. 50% at the $80.
The price of crude oil futures settled at $78.62. That is up $0.12 or 0.15%.
The high for the day reached $78.85. The low for the day was at $77.69.
Looking at the hourly chart, the low price today stayed above its rising 100-hour moving average at $77.48. If that moving average can hold support going forward, the upside remains in play with resistance at $80. That $80 level - in addition to being a natural resistance target - is also home to the 50% midpoint of the move down from the April high (at $80.01 - see chart above).
