Technical Analysis

Crude oil futures settle the week at $56.07

Down $-Zero.59 or 1.04%

The value of crude oil futures are settling the day/week at $56.07. 

For the day, the futures are settling down -$Zero.59 or -1.04%.  The low prolonged right down to $54.52, whereas the excessive prolonged to $56.51

For the week, the value is up from $55.80 every week in the past (up $Zero.27 or +Zero.48%) with the low on Friday (at $54.52). The excessive reached $57.88 on Monday. 

In the present day the value moved sharply decrease and within the course of fell beneath the 100 day MA at $55.22. That was quick lived, nevertheless, and the value closed above the longer MA.  

Wanting the hourly chart, nevertheless, the value will shut beneath its 100 and 200 hour MAs on the $56.25-35 space.  The week noticed the value waffle above and beneath that MA line this week. 

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