Technical Analysis

Crude oil futures are buying and selling up over $1 and appears to check 100 day MA

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.

Up 1.91% on the day at it to $57.16

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.  

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