Crude oil moving down toward the July low at $90.50

Crude oil has seen a dip down to a low of $90.84. That's within $0.34 of the swing low from July at $90.50. The current prices trading at $91.21. The high price today extended up to $96.55.

A move below $90.50 to take the price to the lowest level since February 25. The 61.8% retracement of the move up from the December low comes in at $88.04.

At the highs for the year, the price was up 74% from the end of year levels. The current prices up around 23% which seems like a huge result.

\Inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term