Up 1.91% on the day at it to $57.16
crude oil futures are buying and selling larger within the day. The entrance contract trades at $57.16 that is up $1.07 or 1.91%. The run larger has the worth wanting towards the 100 day shifting common at $57.31. The value of crude has not handled above is 100 day shifting common (blue line) since October 19. Key degree.
Trying on the every day chart beneath, the 50 day MA stalled falls for the reason that break above again in January (white MA line)
On a transfer above the 100 day MA (the shifting common ought to give merchants trigger for pause on the primary check although), the 50% retracement is available in at $59.63.