Technical Analysis

Crude oil futures are settling at $55.80 for the day/week.

Down on the week

The value of crude oil futures are settling at $55.80 for the day/week. That’s down $1.42 or 2.48%. For the week, the value is down from final week’s shut at $57.26 which is concerning the quantity of the decline at this time.  

The excessive for the week reached was reached at this time at $57.88. The low was at $55.02 reached on Tuesday.  Technically, the value this week traded above and beneath its 100 day MA- presently at $56.05 (blue line within the chart beneath).  At this time’s transfer kicked the pair beneath that degree. 

Crude oil is settling down on the day and the week

ForexLive


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