Technical Analysis

US crude oil futures name it per week. Settle at $50.42. Down -7.71% as we speak.

Huge down week for crude

Crude oil futures are settled for the week, and it was a bearish one.

The value is settling at $50.42. That’s down $four.21 or 7.71%.

The value final Friday closed at $56.46.  The settlement as we speak is beneath the 50% retracement of the transfer up February 2016 low. That degree is available in at $51.47 and is the shut danger for the pair now. 


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