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.