Oil rebounds
The price of Crude oil rebounded in trading today.
The price settled at $48.37 per barrel. That is up $0.64 or 1.34%. The high for the day reached $48.74. The low extended to $47.80.
Technically, the price tested lower trend line support yesterday and the fall stalled. Today we moved back above the 200 day MA at the $48.59 level, but has come back off. If Crude is going higher, moving back above that MA will be eyed next. Be aware.
