Technical Analysis

US crude oil futures settle at $53.10

Up $zero.69 or 1.32%

The US crude oil futures are settling the day at $53.10. That’s up $zero.69 or 1.32%. 

The excessive reached $54.05. The low prolonged to $52.29.

Technically, the worth traded above and beneath its 100 and 200 hour MA as merchants. The excessive fell in need of the $54.25 stage that was a ceiling space final week.  The 100 hour MA is at $52.86.  A transfer beneath it could tilt the bias extra to the draw back. Holding and transferring above the 200 hour MA at $53.2 can be extra bullish. 

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