Crude oil comes off toward MA targets

Technical Analysis

Author: Greg Michalowski | crude-oil

100 hour MA at 52.60.  200 hour MA at 52.05

The price of crude oil futures have moved down about $1 in the last hour and -$1.25 from the high.  There is nothing on the newswires in the last few minutes.

The fall takes the price down to the 100 hour MA at $52.68. Below that at $52.05 is the 200 hour MA.  Look for dip buyers to lean against these MAs.

By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose