Crude oil futures are settling at $76.87. That is down $-0.70 or -0.90%..
The low price reached $76.46. The high price reached $78.63.
At session highs the price stayed below it’s 100 day-moving average (blue line). At session lows the price did break below the March 11 low at $76.82, the May 8 low at $76.92, the May 15 low at $76.72. However, the price was able to bounce back into the settlement and settled above the low of that floor.
This article was written by Greg Michalowski at www.forexlive.com.Crude oil futures are settling at $76.87. That is down $-0.70 or -0.90%..The low price reached $76.46. The high price reached $78.63.At session highs the price stayed below it’s 100 day-moving average (blue line). At session lows the price did break below the March 11 low at $76.82, the May 8 low at $76.92, the May 15 low at $76.72. However, the price was able to bounce back into the settlement and settled above the low of that floor.
This article was written by Greg Michalowski at www.forexlive.com. Read MoreTechnical Analysis
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