Tilts the bias a little.
As crude oil heads into the close, the price has cracked to new lows, and also fell below the 100 hour MA. The move has tilted the bias a little more to the downside. A trend line comes in at $64.91. The 200 hour MA is at $64.70. The contract low reached $65.04 so far.
If those levels are taken out, it would weaken the technical picture even more.
UPDATE: Crude settled at $65.21.That was down -$0.68 or 1.03%. The high reached $66.28. The low extended to $65.04 on the scoot lower.
