Fall below $67.14 stalls
Today Crude oil settled at $67.25. That was down -$1.32 or -1.93%
Technically, the price fell below a swing low area that has defined a floor the last 3 or 4 days. That level comes in $67.14. The low price moved down to $66.85 today at the lows, but is trading back above that level at $67.51 currently.
The failure to extend on the break, gives sellers cause for pause, and is good for the bulls/buyers. I would expect buyers to re-lean against the old floor. If a floor fails, reestablish that floor as support.
The 100 and 200 hour MAs will be eyed on the topside now. They come in at $68.06 and $68.21 currently.
