Down $-1.31 or -3.23%
The price of crude oil futures for November delivery are settling at $39.29. That's down $1.31 or -3.23%.
The high for the day reached $40.70. The low extended to $38.41. Technically the price fell below, and close below its 100 day moving average at $39.59. The close below the moving average today was the 1st since September 15. It will take a move back above the 100 day moving average to tilt the bias back to the upside.
The next target on the downside would be near the $38 level followed by the low from September at $36.58.
