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.



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