Technical Analysis

Crude oil futures settle the week at $50.93

Down -$zero.52 or -1.01%

The value of crude oil futures are promoting the week at $50.93. That’s down $.52 or -1.01%.

The excessive right now reached $51.79

The low prolonged to $49.65.

Final week the worth closes at $50.42.  The low this week reached $49.41 throughout yesterday’s commerce. The was reached on Wednesday $52.56.

Technically, the 100 hour MA is at the moment at $51.31 (blue line within the chart under). The value moved above the 100 hour transferring common yesterday and once more right now, solely to fail  We’re buying and selling under now.

The 200 hour MA is at $52.64. The value has NOT been above the 200 hour transferring common since October 10.  The development has been down, down and down some extra.

If the worth is to rebound in crude oil, merchants should see the worth transfer above the 100 hour transferring out and keep above that stage, and likewise a transfer above its 200 hour transferring common.  


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