Technical Analysis

Crude oil futures maintaining a lid on the 200 hour MA

Forward of the stock information, the value of crude is buying and selling beneath the 200 hour MA 

The stock information for the week can be out shortly, however earlier than that, the crude oil futures are buying and selling beneath its 200 hour MA at $53.79 (trades at $53.13). Keep beneath that MA retains the sellers in management. Transfer above and the vendor might shift again to patrons (danger stage for shorts).

Ahead of the inventory data, the price of crude is trading below the 200 hour MA 
The crude oil inventories are anticipated to point out an construct of 1850Okay. Final week there was an construct of 919Okay. 

The non-public information confirmed a construct of 2514Okay.


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