Up $0.37 or 0.86% on the day
The price of crude oil is ending the day higher.
The price is settling at $43.38, up $0.37 or 0.86%. The low reached $42.63. The high $43.65.
Technically, looking at the hourly chart below, the price has traded above and below the 100 hour MA today. That MA comes in at $43.06. We are closing above that MA line (more bullish). Last week, the price tested that MA line on two occasions but stalled on each test.
It is now up to the buyers to keep the technical bias more positive by staying above the MA line. The next upside target is the 200 hour MA at $43.90. That is where the channel trend line and 200 hour MA are both found.
